News Tag: outsourcing

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  • iMail , News April 7, 2011

    IAM Remains Strongly Opposed to Colombia FTA

    The IAM International President Tom Buffenbarger today reaffirmed the IAM’s opposition to the U.S.-Colombia Free Trade Agreement (FTA). “The Obama administration’s latest efforts to secure passage of the Colombia Free Trade Agreement with a side agreement referred to as an ‘action plan’ is simply unacceptable,” said Buffenbarger. “While details of the plan have yet to be unveiled,

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  • iMail , News March 31, 2011

    GE makes $14.2 Billion in Profits, Pays No Taxes

    Corporate giant General Electric reported $14.2 billion in profits in 2010, but paid no taxes in the United States. In fact, they managed to wring $3.2 billion in tax benefits, according to a report in the New York Times. GE’s tax department employs “former officials, not just from the Treasury [Dept.], but also from the

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  • iMail , News March 29, 2011

    Philips Taking Stimulus Funds to Mexico?

    Employees of a Philips Luminaires plant in Sparta, TN, are fighting to keep the corporation from shutting down their plant and using stimulus funds to ship their jobs across the border. Philips informed more than 270 employees in November that they would be shutting down the nearly 40-year-old lighting fixture factory and moving most of

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  • iMail , News February 17, 2011

    Leo Hindery Calls for Focus on U.S. Manufacturing

    In an op-ed published on The Huffington Post, Leo Hindery, Chairman of the Smart Globalization Initiative at the New America Foundation, addresses what he calls the “myth of offshoring.” “For fully two decades, the American people have been fed the canard that the offshoring of literally millions of American manufacturing jobs is an acceptable price

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  • iMail , News February 8, 2011

    Vermont Senator Not Bullish on Immelt

    In a recent video, Sen. Bernie Sanders (I-VT) is not bullish on President Obama’s new job-creation advisor, General Electric (GE) CEO Jeffrey Immelt. While the remarks were recorded one month prior to Immelt’s White House appointment, Sen. Sanders’ speech underscores the concerns of many regarding Immelt’s track record for killing U.S. jobs – rather than

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