Stack-On - Illinois manufacturer moving to Mexico over Trump tariffs

B

Bourbon

In Yo Face!
A storage safe manufacturer is reportedly planning to shut down two Illinois factories and move to Mexico in response to President Trump’s tariffs on Chinese metal imports.

Stack-On Products will close its two Chicago-area plants in October, and lay off 153 people, according to the Chicago Tribune.

Al Fletcher, human resources director for the manufacturer’s Las Vegas-based parent company, told the newspaper that the company decided to relocate the operations to Mexico after Trump announced tariffs on steel and aluminum, as well as other products, from China. “The operation is really not profitable,” Fletcher said. “Mr. Trump is part of this.”

Stack-On has operated in Chicago at its only two U.S. plants for four decades, according to the Tribune, which added that the company already has factories in Mexico and China.

Read more: http://thehill.com/policy/finance/i...ufacturer-closing-doors-moving-to-mexico-over


Glad I bought my Safe 5 years ago ...
 
Bourbon said:
A storage safe manufacturer is reportedly planning to shut down two Illinois factories and move to Mexico in response to President Trump’s tariffs on Chinese metal imports.

Stack-On Products will close its two Chicago-area plants in October, and lay off 153 people, according to the Chicago Tribune.

Al Fletcher, human resources director for the manufacturer’s Las Vegas-based parent company, told the newspaper that the company decided to relocate the operations to Mexico after Trump announced tariffs on steel and aluminum, as well as other products, from China. “The operation is really not profitable,” Fletcher said. “Mr. Trump is part of this.”

Stack-On has operated in Chicago at its only two U.S. plants for four decades, according to the Tribune, which added that the company already has factories in Mexico and China.

Read more: http://thehill.com/policy/finance/i...ufacturer-closing-doors-moving-to-mexico-over


Glad I bought my Safe 5 years ago ...
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Looks to me as if Stack On hasn't really been profitable and is looking to take the easy way out and blame someone else for it.
 
Fentoine Lum said:
That's not what capitalists do in America as a rule.
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Why is it when a company isn't profitable it's viewed as the fault of management or, in this case they blame Trump but when a company does well, the workers are supposed to get the credit?
 
CFM said:
It's about profitability and by their own words, they weren't profitable before the tariffs and want to blame their moving on Trump.
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Great, move jobs out of Merica in search of profit margin growth to infinity. Same as it ever was, duck the insubstantial people in an economic system based upon mass consumption.
 
Fentoine Lum said:
"Winning" in Don's Reality America Show.
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Apparently the company wasn't very profitable prior to Trump even being elected but now the blame is placed on him.

Left wing mentality about company success - if a company is profitable, all the credit goes to the workers. If it's not, all the blame goes to anyone else.
 
CFM said:
Why is it when a company isn't profitable it's viewed as the fault of management or, in this case they blame Trump but when a company does well, the workers are supposed to get the credit?
Click to expand...

Well because that's management's job, see? Only the workers have any responsibility in America. The aristocracy has no responsibility to society at large.

Capital never wants to pay for revenue generational labor. Race your way to the bottom and watch. They simply moved the jobs to a more exploitable labor force. Same as it ever was, utterly bipartisan, and in direct contrast to what Don blathers on about. But you know all that, you just can't face it.
 
CFM said:
Apparently the company wasn't very profitable prior to Trump even being elected but now the blame is placed on him.

Left wing mentality about company success - if a company is profitable, all the credit goes to the workers. If it's not, all the blame goes to anyone else.
Click to expand...

More jobs moving to Mexico, same as it ever was.
 
Fentoine Lum said:
Great, move jobs out of Merica in search of profit margin growth to infinity. Same as it ever was, duck the insubstantial people in an economic system based upon mass consumption.
Click to expand...

Sounds to me like the company can't be profitable here and wants to blame it on Trump.
 
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