Lear's plunging profit to send jobs packing

http://www.freep.com/money/autonews/lear23e_20050423.htm

"Auto supplier Lear Corp. on Friday said it is planning an aggressive cost-cutting strategy, which includes moving manufacturing and engineering work to low-cost countries, after it posted a $75.8-million decline in profits during the first quarter of the year.

The auto industry's largest interior supplier, which makes seats, electronics and other parts found inside cars and trucks, was blindsided by a industrywide drop in truck demand. Southfield-based Lear has 280 facilities worldwide, employing 110,000 workers."

"We're looking and speeding up our sourcing in low-cost countries," he said (CEO Bob Rossiter). "It's not that we really want to do that. We're forced to do that. And unfortunately we're looking at that from an engineering standpoint, too."


Is this administration ever going start showing some concern for these job losses?
It isn't just blue collar anymore. These engineers make pretty good money.

Act and it is designed not so much to protect Americans from terrorism as it is to protect the ultrarich behind their gated communities from a revolt of the formerly middle-class masses.

If you are a multimillionaire, that is the real meaning of terror — that you might lose your "hard-earned" fortunes to "class warriors."

going to outsource themselves
and their gated communities?

And WHAT are they going to use for money,
seeing as the dollar has practically collapsed?