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From: KyrosL	1/21/2012 2:26:47 PM
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US not the only country where manufacturing is coming back from China: China No Match for Dutch Plants as Philips Shavers Come Home By Maaike Noordhuis - Jan 19, 2012 4:22 AM ET Royal Philips Electronics NV (PHIA) workers in the Dutch town of Drachten who expected to be fired were astonished when the site manager said the company was bringing production of its top-priced electric shavers home from China. Rob Karsmakers, the factory manager who returned from four years working for Philips in Asia, told the baffled crowd that the consumer-electronics company would boost investment in Drachten, where it employs 2,000 staff. “A product engineer in Shanghai now is just as expensive as in Drachten,” said Karsmakers, who has overseen the plant since 2009, in an interview. “But in China, the headcount turnover is high. That is not sustainable.” Philips, which also lights the Eiffel tower and the Olympic Stadium in Beijing, employs a total of 14,000 people in the Netherlands... more here: bloomberg.com

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