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Technology Stocks : Jabil Circuit (JBL)
JBL 218.16+4.3%3:59 PM EST

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To: Asymmetric who wrote (6160)1/31/2003 11:53:14 AM
From: Sam  Read Replies (2) of 6317
 
<<"It's bad enough that they're taking our jobs, but to have to train people from another country (how to perform) our jobs?" said Bonnie Walton, who has worked at the Oldsmar plant for two years. "It's not like we're doing bad work. It's just cost effective for them to move to Mexico...."

In the memo, Grimes urged employees not to take their frustration out by damaging or stealing equipment or tarnish their good work "by ending this thing in an ugly manner."

"Again, thanks for the great job that you guys have done over the past several years," he concluded, "and GO BUCS."

Jabil did not disclose severance details, but employees said they were receiving a week's pay for
every year of service and all earned vacation time.>>

Well, geez, what do they want? The Bucs won.

I know, on the one hand, Jabil "has" to do this. But on the other hand, how long can this go on, with the US still being the destination for most exports? That is, how will the US keep buying the goods produced by all these exporting countries as our middle class gets decimated?

Surely this is the real economic process that Marx warned of. It's just simple common sense that it can't continue. The only way it might continue is if other countries develop strong middle classes of their own. Is there a real possibility of that?

Oh well, I guess a tax cut for the wealthy in this country will take care of it, then they'll be able to invest in the new capacity that is being closed down by the EMS and other companies. What a great idea.

Thanks for the articles, Peter.
Regards,
Sam
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