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That's "because of speed up, downsizing, outsourcing, plant closings, you name it," says Chris Townsend, political director of the United Electrical Workers.
GE has, of course, globalized its operations by shifting production to low-wage countries. (And even in these countries, the jobs remain precarious: GE recently shuttered a factory in Turkey to move it to lower-wage Hungary -- and it has threatened to close a factory in Hungary and move it to India.)
Now GE appears no longer satisfied to move its own plants -- it wants its suppliers to follow suit. In a startling memo obtained by Business Week, GE Aircraft Engines (GEAE) -- a hugely profitable division -- told suppliers that they would have to move to Mexico if they hoped to continue their relationship with GE...
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