reader (the Second) said:Market Pulse: IBM to hire 14,000 in India, NY Times reports
Friday June 24, 6:21 am ET
By Abby Deveney
LONDON (MarketWatch) -- IBM plans to increase its payroll in India this year by 14,000 workers, even as it cuts 13,000 jobs in Europe and the United States, the New York Times reported on its Web site Friday. "IBM is really pushing this offshore outsourcing to relentlessly cut costs and to export skilled jobs abroad," said Marcus Courtney, president of the Washington Alliance of Technology Workers, or WashTech, a group that seeks to unionize such workers. "The winners are the richest corporations in the world, and American workers lose."
Airbus announced a new $600 million dollar plant to be built in the U.S. Interesting how that never made the headlines of the news. BTW, Hyundi is also building a new plant in the U.S. Insourcing never seems to make the headlines of the news, I wonder why?
Per the Labor Department the annual job loss to outsourcing approximates 100,000 per year, generally low skill jobs. Insourcing results in the hiring of skilled, more highly paid workers. How do you explain the continued job growth in this country, 180,000 per month on average per the payroll survey and 350,000 per month basis the household survey, when the headlines always discuss outsourcing-just curious? Why does total employment keep rising? Have a great day.