Post by rjfliberal07 on Jun 27, 2007 23:57:36 GMT -6
www.iht.com/articles/ap/2007/06/27/business/NA-FIN-COM-US-Hanesbrands-Jobs.php
Hanesbrands to cut 5,300 jobs, close 9 facilities in 5 countries
The Associated Press
Published: June 27, 2007
CHARLOTTE, North Carolina: Hanesbrands Inc. announced Wednesday it will cut 5,300 jobs and close nine sewing and assembly operations in five countries.
The underwear and apparel maker will close plants affecting nearly 5,000 employees in Canada, the United States, Mexico, the Dominican Republic and Puerto Rico as it moves production to lower-cost operations in Asia and Central America. Another 350 management and administration positions also will be cut, mostly in the United States.
The Winston-Salem-based company said the closings, which will cost about $42 million (€31 million), are a part of an ongoing restructuring effort to make its business leaner and more profitable.
"These efforts are a competitive necessity to strengthen our overall company and its growth opportunities, but we regret that employees will be affected by losing jobs," said Hanesbrands Chief Executive Richard Noll.
Pure greedy bastards at work here. Even the impoverished Mexicans and Dominican Republican's are fair game in the race to the bottom. All the jobs will probably go to China. I thought the 'Free Traders' stated that outsourcing to Mexico will help everyone in the long run. Well, it sure won't when those Mexican $2.00 an hour jobs go to China that pays 25 cents an hour. Why not just pay them nothing? Heck, what good is a measly 25 cents an hour anyway? One can not even support their family on that, even by Chinese standards. When is this nonsense going to end. Will a boycott knock sense into these dense skulls of the Corporate Lackeys?
Where can I now buy undergarments still made here?
Hanesbrands to cut 5,300 jobs, close 9 facilities in 5 countries
The Associated Press
Published: June 27, 2007
CHARLOTTE, North Carolina: Hanesbrands Inc. announced Wednesday it will cut 5,300 jobs and close nine sewing and assembly operations in five countries.
The underwear and apparel maker will close plants affecting nearly 5,000 employees in Canada, the United States, Mexico, the Dominican Republic and Puerto Rico as it moves production to lower-cost operations in Asia and Central America. Another 350 management and administration positions also will be cut, mostly in the United States.
The Winston-Salem-based company said the closings, which will cost about $42 million (€31 million), are a part of an ongoing restructuring effort to make its business leaner and more profitable.
"These efforts are a competitive necessity to strengthen our overall company and its growth opportunities, but we regret that employees will be affected by losing jobs," said Hanesbrands Chief Executive Richard Noll.
Pure greedy bastards at work here. Even the impoverished Mexicans and Dominican Republican's are fair game in the race to the bottom. All the jobs will probably go to China. I thought the 'Free Traders' stated that outsourcing to Mexico will help everyone in the long run. Well, it sure won't when those Mexican $2.00 an hour jobs go to China that pays 25 cents an hour. Why not just pay them nothing? Heck, what good is a measly 25 cents an hour anyway? One can not even support their family on that, even by Chinese standards. When is this nonsense going to end. Will a boycott knock sense into these dense skulls of the Corporate Lackeys?
Where can I now buy undergarments still made here?