Trump to seek jobs advice from firms that offshore U.S. work
President Donald Trump, who has vowed to stop U.S. manufacturing from disappearing overseas, will seek job-creation advice on Thursday from at least five companies that are laying off thousands of workers as they shift production abroad.
Caterpillar Inc (CAT.N), United Technologies Corp (UTX.N), Dana Inc (DAN.N), 3M Co (MMM.N) and General Electric Co (GE.N), are offshoring work to Mexico, China, India and other countries, according to a Reuters review of U.S. Labor Department records.
Executives from the five companies are among a group of business leaders due to meet with Trump on Thursday to discuss how to help the president deliver on his promise to increase factory employment, according to the White House.
About 2,300 U.S. workers at these five companies stand to lose their jobs within the next two years as a result of offshoring, according to the Labor Department's Trade Adjustment Assistance Program, which provides retraining benefits to workers displaced by global trade. Reuters obtained the information through a Freedom of Information Act request.
Read more: http://www.reuters.com/article/us-usa-trump-jobs-idUSKBN1612DQ