None of this shit works - Captain James T. Kirk
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Sony closes last US TV factory
POOR OLD SONY is waving goodbye to its last US TV factory, which will see 560 people lose their jobs.
The factory in Westmoreland, Pennsylvania is the second factory of a planned five or six to be closed as part of the company's global restructuring. The factory was the last remaining Sony TV manufacturing facility in the US.
On Tuesday the company announced its plans to close ten percent of its 57 worldwide factories with a lay-off of around 8,000 full-time staff and a similar number of part-time and temp workers also given the push.
This is all down to the recent slowdowns in many major markets worldwide that you may have heard about - or maybe not, if you've been in a coma these last months.
Stan Glasgow, president and chief operating officer of Sony Electronics said, "The current economic climate was a key factor that led us to make the strategic business decision to streamline our manufacturing operations not only in the U.S. but worldwide."
TV manufacture is due to freeze at the plant by February next year. From that point onwards Sony will supply the US market with TVs from its factory in Baja, Mexico.
The Pennsylvania plant will be completely shut up in March 2010 when the TV and Blu-ray Disc repair and US east-coast logistics operations are also ended. µ
L'Inq
Network World
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In the last recession the Conservatives put base interested rates to 15%. This meant businesses could no longer afford the loans and overdrafts they needed, which meant the recession was worse than it needed to be.
The Conservatives managed to wipe out 25% of total UK manufacturing.
The number of job losses, plus monumental mortgage payments from the 15% base rate meant that millions lost their homes.
Labour have lowered the base rate to 2%, and most world senior economists are saying that Gordon Brown is doing the right thing to reduce the impact of the recession.
Labour will pay your mortgage interest payments for up to 2 years. What did the Conservatives do?
Your taxes are a a mere trifle compared to the UK taxes.
Gordon and Alistair run in like this:
Tax Tax Tax Tax Tax Tax Tax Tax Tax Tax Tax Tax Tax Tax Tax Tax Tax Tax Tax Tax Tax Tax Tax Tax Tax Tax Tax Tax Tax Tax Tax Tax Tax Tax Tax Tax Tax Tax Tax Tax
--oh dear, they have all gone bust... what now says gordon? errmm... hmmmm.... errmm...
Got it we'll do this says Alistair:
Tax Tax Tax Tax Tax Tax Tax Tax Tax Tax Tax Tax Tax Tax Tax Tax Tax Tax Tax Tax Tax Tax Tax Tax Tax Tax Tax Tax Tax Tax Tax Tax Tax Tax Tax Tax.
After the MASSIVE HUGE STUPENDOUS (not) VAT break we've been given store keepers have had to widen their doors for the flood of people queueing up to save 25p on each £10.
Oh..actually... that never happened...
what a suprise! (not).
Right now the USA has the second highest corporate tax rate in the world. Obama wants it to be #1. Combine that with over zealous enviromental rules and greedy ass unions it is no wonder companies leave to do buisness elsewhere.
All those Sony haters, Their not buying Sony products is killing jobs in the US. LOL.