CorpWatch : US: America for Sale: 2 Outcomes When Foreigners ...
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German industrial giant, bought the plant and folded it into a
global enterprise
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twice as many
workers
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sent production to Mexico
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David J. Spyker, once the plant manager and now vice
president of a Siemens unit with operations around the
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2,700 jobs from a town of 8,000 people.
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putting
millions of Americans to work for new owners
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dollar losing
much value
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200,000 Michigan residents worked for subsidiaries of foreign companies as of 2005
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She
had promised to persuade the company to stay, assembling a package of
more than $120 million in state and local tax credits. The city offered
to build a new plant. The local union agreed to give up as much as $33
million a year in wages.
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