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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsHarley Davidson shutting down US factory, moving jobs to Bangkok after cashing in on Trump's tax cut
https://www.rawstory.com/2018/05/harley-davidson-shutting-us-factory-moving-jobs-bangkok-cashing-trumps-tax-cut/
Despite President Donald Trumps claim that massive tax cuts will boost U.S. employment numbers, motorcycle manufacturer Harley Davidson instead announced a plant closing, followed by a massive stock buy-back and is now shifting some jobs to Thailand.
In a deep dive into happenings at the Milwaukee-based manufacturer of highly-coveted motorcycles, Vox discovered employees and union leaders who believe that they were betrayed by the company which prides itself on its reputation for American-built products.
According to the report, in 2017 House Speaker Paul Ryan (R-WI) hyped up proposed Republican tax cuts, telling workers in his home state, Tax reform can put American manufacturers and American companies like Harley-Davidson on a much better footing to compete in the global economy and keep jobs here in America.
However, after the GOP delivered on their proposal, executives announced the closing of a plant in Kansas City, Missouri with 800 workers losing their jobs as some operations were moved to a York, Pennsylvania facility- leading to a net loss of 350 positions. According to union leaders, they never saw it coming.
Comatose Sphagetti
(836 posts)kcr
(15,315 posts)Snopes article is referencing the steel tariffs.
Orsino
(37,428 posts)Bluepinky
(2,265 posts)The executives took their cues from Trump and screwed the employees in favor of cashing in for themselves and wealthy stockholders.
Iliyah
(25,111 posts)that the USA covered and only spouting how wonderful the economy was doing, hmmmmmm, sorta sounds like this administration. t-rump, GOP, touts how well the economy is doing. Interest rates are on the rise, gas on the rise and food, rent homes on the rise, but the American wages are below average. More uninsured and less than well paying jobs.
The rich is getting richer and the middle class and the less fortunate is getting poorer. Corporations with their tax cuts and high profits and not creating jobs here in the USA.
RKP5637
(67,088 posts)deminks
(11,014 posts)Nothing happens to them. Ever.
heaven05
(18,124 posts)CEO'S-COO'S or any other individual that stands to put millions into their personal bank account(s) because of moves like this where they will pay wages that are pennies on the dollar, just like trump, are forsaking ameriKKKa and getting all they can before it all comes crashing down. On all our heads. Truly, people, we have hit the iceberg. One small consolation, the 'deplorable wypipo' will suffer also.