Updated May. 30, 2014 at 10:38 a.m.

Premium Lock Medical device manufacturer in Asheboro moving jobs to Mexico

Published: 2014-05-30 10:08:00
Updated: 2014-05-30 10:38:24

Layoffs       Layoffs

Arrow International, which is part of Teleflex, is scaling back production at its facility in Asheboro over the next two years, Asheboro's mayor disclosed Thursday. Jobs are being moved to Mexico, the company says....

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What is wrong with you? We need to keep jobs in North Carolina to improve our economy..Please reconsider helping Americans, first...
i wonder if obamacare taxes have something to do with this. they might need cheaper production costs to make up for this tax.
--> thunderbird674, this has absolutely NOTHING to do with ACA, it has everything to do with corporate greed.
Oh, you mean that giant sucking sound Ross Perot warned everyone about?

"We deeply regret this decision and the impact it will have on the lives of employees and their families" - followed by them whispering under their breath - "But we're going to make big bonuses for the management team as a result of using dirt cheap near slave labor - Bwahhahhhahhhah!"
Nothing to see here. Labor is cheaper in Mexico. Gotta profit or gotta profit more. Your jobs mean nothing to share holders. Share holders mean everything to executive management. Human resources are a drain on the bottom line. It stays this way until corporate America is punished for generate revenue at the expense of American workers. Gotta get those stock prices up, since well, you know, almost 80% of US stocks are owned by foreign investors. Now tell the lie about average Americans being vested in Wall Street. US workers are expendable pawns in the quest for revenue.
NAFTA really has done wonders for this country. Remember that when they try to ratify the Trans Pacific Partnership in Congress, it is NAFTA on steroids.
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