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Manager Announces Layoffs to 1400 Workers (Carrier Air Conditioning) - Moving to Mexico (Original Post) alcibiades_mystery Feb 2016 OP
They were actually farirly calm about it Kelvin Mace Feb 2016 #1
Courtesy of Bill Clinton and NAFTA Hoppy Feb 2016 #2
Their parent company United Techologies had a $5 Billion profit in 2015 KeepItReal Feb 2016 #3
It was for business reasons laundry_queen Feb 2016 #4
They are lucky most Americans don't understand economics KeepItReal Feb 2016 #5
Yep laundry_queen Feb 2016 #6
 

Hoppy

(3,595 posts)
2. Courtesy of Bill Clinton and NAFTA
Fri Feb 12, 2016, 08:43 PM
Feb 2016

Want more of the same, guess who to vote for?

Oh, and lets not forget that Obama was going to renegotiate NAFTA. Guess his corporate bosses weren't too happy about that idea.

KeepItReal

(7,769 posts)
3. Their parent company United Techologies had a $5 Billion profit in 2015
Fri Feb 12, 2016, 08:48 PM
Feb 2016

And announced a dividend to shareholders on Monday.

But we are supposed to think they had to close these Carrier facilities for "business reasons".

laundry_queen

(8,646 posts)
4. It was for business reasons
Fri Feb 12, 2016, 09:52 PM
Feb 2016

The reason is so they can increase their business profits so they can get their $500,000 quarterly bonuses.

My dad, now retired, jokes about the time his company laid off 20 guys making $20,000/yr so that the CEO could make his profit threshold and pocket his $500,000 quarterly bonus in the face of a recession, even though the company as a whole was actually doing quite well. This was a guy already pulling in a $5 million dollar salary.

Sociopaths. The lot of them are, as my ex-husband would say, 'a waste of skin'.

KeepItReal

(7,769 posts)
5. They are lucky most Americans don't understand economics
Sat Feb 13, 2016, 03:37 PM
Feb 2016

First thing I do is check corporate performance when they announce layoffs.

Profitable companies shutting down American facilities... Ugh.

laundry_queen

(8,646 posts)
6. Yep
Sat Feb 13, 2016, 05:30 PM
Feb 2016

I would like economics to be taught in school, but I think you've demonstrated why it will never happen.

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