Bain of the American worker
Posted in the Minneapolis Forum
#1 Aug 22, 2012
Rep. Jan Schakowsky (D-Ill.), who supports Sensata employees at an Illinois plant scheduled to outsource 165 jobs by the end of 2012.
Employees at an Illinois Sensata Technologies plant delivered a petition to Bain Capital Tuesday night, demanding that the private equity firm step in and prevent the scheduled outsourcing of 165 jobs at the company, which it owns.
In 2006, Bain Capital purchased what was then a subsidiary of Texas Instruments and renamed it Sensata Technologies. Five years later, Bain-owned Sensata took over a sensors and controls plant in Freeport, Ill., from Honeywell, and then announced it would be phasing out 165 jobs at the plant by the end of 2012. Those jobs are now headed to China and the plant will be closed. Representatives for Bain were not immediately available for comment.
Plant employee Cheryl Randecker spearheaded the petition, which would grow to 35,000 signatures and gain the support of Rep. Jan Schakowsky (D-Ill.) and others, who also helped deliver its message Tuesday. The petition calls on Bain Capital to "save these jobs before it's too late." It also names Mitt Romney, the former Bain Capital CEO, asking him to "speak out and insist that Bain Capital -- a company that he helped start and that he continues to profit from -- do the right thing."
Randecker, a 52-year-old mother who has worked at the Sensata plant for 33 years, is slated to lose her job by the end of the year. And like others at the plant, she says she's been forced to train her replacement from China.
"With so many hardworking Americans still out of work, the last thing our country or our state needs is another corporation shipping good, American jobs to China," Schakowsky said outside Bain's Evanston, Ill., offices on Tuesday. "Not only is Bain taking away these workers' incomes and livelihoods, the company is forcing them to train their replacements from China. That's outrageous."
She continued, "I applaud all the workers at the Senasta plant who have had the courage to stand up against this epidemic of outsourcing."
Though Romney has said he retired from Bain in 1999, years before Bain bought Sensata, Randecker says the presumptive Republican presidential nominee bears some responsibility for the job losses at the plant.
"He was actually the one who created the model. I do blame him," Randecker told The Huffington Post, adding that the former Massachusetts governor still wields tremendous influence over the private equity firm.
#2 Aug 22, 2012
The real bain is like the bain in the batman movie
Leftist occupyism political rhetoric turned into action.
#3 Aug 22, 2012
Bain's, the bad guy, that's the memo !!!
Since: Apr 12
#4 Aug 26, 2012
Yeah, a company has to be REAL patriotic to move American jobs overseas.
#5 Sep 13, 2012
Freeport Sensata Workers To Camp Outside Factory In Effort To Save Jobs From Outsourcing http://progressillinois.com/quick-hits/conten...
“Earn it one day at a time”
Since: Sep 09
#6 Sep 13, 2012
Gee record energy prices, Obamacare with loads of new taxes and red tape, one tax hike threat after another.
And we wonder why we are jobless in Obamanomics
#7 Sep 13, 2012
And we wonder why we are jobless, after bushwhacker and with record filibusters ??? SO, has the right done anything, but promise it will be "better"... with the magic underwear guy ??? NOPE, dope !
Saint Paul, MN
#10 Sep 14, 2012
What new taxes are you referring to?
And even if you cut taxes in half, Bain would save money by outsourcing the jobs to China where wages are a few dollars per DAY.
Cutting taxes would only increase corporate profits, not save US jobs.
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