Skip to main content

View Diary: UPDATED: Bain is shipping my job to China. Ask me anything. (208 comments)

Comment Preferences

  •  The beauty part is (8+ / 0-)

    that the Chinese workforce has no experience making the sensors and no knowledge base to work from if and when problems arise on the production line. When my last company exported the bulk of their production lines to China, they didn't realize the cost savings they expected because they had more defects, more scrap, longer lead times and higher shipping costs. As I understand it, the increased production problems combined with rising labor rates in China made the moves a break-even proposition at best.

    •  undoubtedly less efficient in short term (1+ / 0-)
      Recommended by:

      one or two quarters at least - Bain is likely
      to sell it off again before the extra expenses are booked

      •  Yeah, Bain will cash in (0+ / 0-)

        on the tax breaks, load the company up with debt, pull out whatever cash they can, and sell it off using the forecast costs for China so they aren't left holding the bag when the real costs come in.

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site