Tuesday, August 21, 2012

The Real Bain

Bain Closes U.S. Plant, Forces Workers to Train Chinese Replacements - DailyFinance

...In the most recent news in that vein, The Guardian reports that Bain has for months been dismantling and shipping to China, "piece by piece," a car parts plant, of which it is majority owner, in Freeport, Ill. -- even as it requires the workers to train personally their Chinese replacements, who have been flown in by management.

"It's not easy to get up in the morning, training them to do your job so that you can be made unemployed," Bonnie Borman told the paper. Borman, 52, has worked at the Sensata auto sensors plant for 23 years. She has three children and predicts that soon, "I am going to be competing for minimum wage jobs with my own daughter..."

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