More companies closeing and moving overseas
November 11, 2008 7:18am CST
Down the road about 20 miles my friend lives, it is a nice community not very big, about 12,000. You may of seen it on the news this company DHL is closing in Wilmington and putting 9500, out of a job. Seems this is owned by a German company and they are taking their business to Germany. I feel so sorry for these people in Wilmington, that is really the only really job there is there. It was said that the people would have their jobs till at least June, butnow on TV the owner said yesterday that their last day would be 1/20.09. The day Obama is sworn in. They are saying DHL can run cheaper by taking it overseas. We here in the Dayton area are getting ready to lose 2 more GM plants, one closing by 12/23 and the other on New Years eve. Both places said that they would stay open until next year, and now all of a sudden they are getting out early. These 3 places of employment will put a huge dent in the employment rate in our area. I was wondering if you think that this all of a sudden closing now early has anything to do with Obama being sworn in as president. Obama has ask president Bush to help the auto industry, but it appears that if Bush does it will be too late for our area. These people have put their whole lives into these jobs and are up in age ( the 50's) and I wonder where they will find employment now. Do you think Obama can possibly turn what is happening to our country around, if this continues we won't have anything here in the usa it will all be overseas. What do you think on this.
11 Nov 08
no, companies don't close because a president gets in, but they do close if a president doesn't run the country well and bankrupts it and that is george bush's fault not any new president after him, the president after him just inherits the mess and if he is good president he cleans it up if he is a bad president he does the same or worse
• United States
11 Nov 08
Sorry but you people will never get over blaming Bush for everything that has gone on. I guess the democratic congress that made and passed the laws did't have anything to do with it, what I can't wait to see is who you all blame now that Bush will be gone, since it is almost total democratic congress then I guess it will be the republicans fault, since the democrats do not wrong. Actually it the American work force that has sent them overseas, always asking for more and more, never satisfied.
1 person likes this
12 Nov 08
first of all I couldn't care less if it was bush, obama, reagan or clinton, I am looking at what happened in an administration, and I am not american so one president or another is the same to me, I am looking from a political economic point of view solely and if it was democrat government for the last 8 eights I would be saying exactly what I am saying now. these are things that happened, if bushes admin was the greatest the americans every had trust me I would have said that too.
• United States
11 Nov 08
My area went mostly overseas years ago. What our local government did with the help of the state government is give insentives and suspend some taxes to entice new companies to come. We've had many people go to Canada and encourage parts of Canadian Companies to come here. Also, our State and County have a rule that State and County entities must buy from companies in the US. So if they want to sell to NY State, they have to bring their company or at least part of it here. I think it takes more than just the Federal Government, everyone has to get "on board" with it. But inport taxes and other fees to make it so it's cheaper for the companies to come back would help. Also local currency so a percentage of money can't leave an area helps (www.ithacahours.com to see what I mean). It will take a lot, but if things keep going the way they are, there won't be much left to save in some sectors. I used to teach people in their 30's-50's when our paper mills down-sized. They often receive money, in my state, for retraining. But they often have to change the way they live and spend money, sell a house, etc. because any job they get later on doesn't pay as much as the one they lost. They often get good jobs because people know they're hard workers (good, but still don't pay as much). Factory jobs aren't easy. Sometimes companies are given insentives to hire older workers who lost their jobs to overseas. Like our state may pay for their training up to a certain number of weeks. Some received vocational training, some college, and some OJT (on the job training). Not sure what your state will do for them. Take care.