America's Biggest Companies Continue To Move Factories Offshore

Locutus

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Jun 18, 2007
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Despite a lot of talk and articles written about reshoring -- bringing production back to the United States -- offshore outsourcing of manufacturing and service-sector jobs to foreign nations continues to plague the American economy.

Hundreds of major American corporations are shipping thousands of jobs overseas, according to an analysis of Trade Adjustment Assistance (TAA) filings made to the U.S. Department of Labor's Employment and Training Administration on behalf of the displaced workers.

While the trend is down from its peak, it has not fully abated, and there are many times more outsourcing events -- as per the TAA petitions filed with the Labor Department -- than there are reshoring (or "insourcing" or "onshoring") announcements, as per searches of media stories on Google News and Yahoo! News - Latest News & Headlines.

A survey of petitions filed on behalf of workers to receive generous TAA benefits and training during the first three weeks of July, 2013, indicates that offshoring of American production and jobs -- as well as import substitution -- remains a fixture of the largest and most well known American companies. Seventy-seven petitions were filed on behalf of American workers, from companies such as IBM, Walgreens, International Paper, Sanmina Corp., Chicago Bridge and Iron, NCR, AT&T, Tenneco Automotive, Micron Technology and Honeywell, among others.



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America's Biggest Companies Continue To Move Factories Offshore And Eliminate Thousands of American Jobs