Over the past two weeks, the President of the United States’ Barack Obama’s campaign has stated that Republican challenge Mitt Romney as an outsourcer that only focus on his career in the private equity company Bain Capital. But last Tuesday, Romney’s campaign opposes Obama’s words that say the president’s effort failed to support American employees and established jobs abroad. The Council on Jobs and Competitiveness of President Obama have assembled 26 business leaders for a job-spurring ideas that include some of the representatives of several firms that used outsourcing, it sustains job development overseas and job deficiency in the U.S..
For decades, the flow in American manufacturing was shifting jobs to cut-rate overseas labor markets. The government step is to limit the outsourcing however some firms performed on the jobs council that disclose how extensive the plan is. Since January 2011, CEO of General Electric Jeffrey Immelt has served as chair of the advisory board, the firm depleted 37,000 American jobs and increased the overseas jobs with about 25,000 as Immelt acquired GE in the year 2011 this is based on the record of the Securities and Exchange Commission.
The GE has ceased over 30 U.S. plants as Obama took the place said by the political director of the United Electrical Workers labor union, Chris Townsend. This union stand for 5,500 GE staff in the U.S., however, GE did not validate that figure. Townsend added that regardless of the continuous growth of GE, still it continues to fall in the U.S.. Beyond a long period of time, job deprivation has occurred in GE that is related in outsourcing. GE’s plant stoppage happened gradually, opposite with the few firms that Bain Capital entrusted to but leads to bankruptcy, layoffs and some work has been transferred abroad so that the company still have resources.
In previous years, GE has added its U.S. workforce with approximately 17 modern plants that has been opened since 2009. As Immelt came as the CEO in 2001, the foreign revenue of GE has increased extremely, and for the American workforce, the exports are considerably good, this was according to Andrew Williams, GE spokesperson. The founding executive director of the Alliance of American Manufacturing, Scott Paul said that he is ultimately happy with the way Obama’s prevention of outsourcing, however, he is not with the little step of the administration to end the Chinese currency handling, it leads to increase the expenses of the U.S. exports and ruined the manufacturing industry of the state.
The council reminded the government and did not establish any policy and it doesn’t mean that the White House approves all the activity of the firm said by Amy Brundage, White House spokeswoman. Some companies enacted on the jobs council relied on the outsourcing. Since 2008, the aerospace giant firm Boeing has added almost 14,000 jobs to the U.S.. The outsourcing firms on the jobs council conclude constant flaws to protect jobs in the U.S., said by the United Electrical Workers’s Townsend. President Obama has set out the eagerness to support companies when they generate U.S. employment, stated by Scott Paul of the Alliance of American Manufacturing.
REFERENCES:
http://www.huffingtonpost.com/2012/07/12/obama-jobs-council-outsourcing_n_1666443.html?utm_hp_ref=outsourcing
http://www.care2.com/news/member/714476182/3437872
http://article.wn.com/view/2012/07/12/Obama_Jobs_Council_Packed_With_Outsourcing_Companies/
