Certainly not good news for Vermont. Steady decline in manufacturing jobs and IBM is considering moving white collar and engineering jobs offshore. Some of these will likely be from Vermont. IBM is the cornerstone of what's left of Vermont's manufacturing sector. We cannot sustain our public sector spending with this drain of good jobs.
+++++++++++++++
From Dwinell Political Report:
"Jeff Carr said, 'The real threat is the lack of growth in the manufacturing sector. The sectors of job growth are government, education, health services, professional services and retail trade. None of these sectors has significant exports from Vermont to other states or countries like manufacturing does.
'Further, there is spent up demand instead of pent up demand. By that I mean, for example, car dealers have promoted so hard that they have taken demand from the future and brought it into the recent past. Our vehicle fleet is now only 2-3 years old instead of eight years old.'"
Waterbury Companies of Randolph announced that it was closing its doors laying
off seventy employees after operating for over forty years in its plant. "Our
competitors have cut prices. Two of our major customers demanded price
reductions over the long term. The only way to keep customers is by shifting
production off-shore and we made the decision to do that."
An employee was quoted as saying, "You might as well kiss the United States
goodbye because everything is leaving." Another added, "There is nothing else
unless you want to go to McDonalds or Cumberland Farms. You might as well go on
welfare and say the hell with it."
No comments:
Post a Comment