Chrysler announced plans Monday to invest nearly $28 million in its Toledo Machining Plant.
"Chrysler's investments in the Toledo area are rooted in our faith that we can keep good-paying manufacturing jobs in America as long as government, our unions and our companies all pull together for the common good," Chrysler President and Vice Chairman Tom LaSorda said in a statement.
http://www.freep.com/apps/pbcs.dll/article?AID=/20080122/BUSINESS01/8012...
awesome
and Toledo is investing even more into manufacturing jobs which are highly unstable long term and becoming less and less of the GDP.
Excuse me if I don't jump up and down.
MikeyA
---------
"Show me a man who lives alone and has a perpetually dirty kitchen, and
five times out of nine I'll show you an exceptional man." -Charles
Bukowski
Even though it is in Wood County, the Fink will add this to his list of 'accomplishments', to take the focus away from his true lack of economic development in Toledo.
"CARTY GETS RESULTS" - but his 'results' are only window dressings that anyone could do. Flowers, self-serving signs, unused bicycle trails, painting silly scenes on windows of vacant buildings downtown, trash taxes, etc.
Remember all his nonsense next mayoral election in November 2009
Mikey, it sounds like Chrysler is investing in Toledo--not the other way around. Are we supposed to wait for service-sector jobs? What if this were solar cell manufacturing? Would it still be unstable? The main instabilities in manufacturing jobs come from either innovation, which is good----and from politicians that write trade deals that penalize domestic manufacturing.
Chris the manufacturing market wasn't stable before outsourcing so don't put that blame on the politicians.
Remember in the 70's and 80's when workers and unions fought companies who replaced workers with better computers and machines. Those jobs were lost and the country didn't sink into a depression as had been predicted.
When those who lost their jobs to a computer were left unemployed they moved to other jobs and other sectors. The computers didn't end the jobs instead they opened up other areas for job creation and the employees adapted because it was that or not eating.
Secondly, even with outsourcing in the last 15 years we've had a lower inflation rate than in the 70's, more jobs created, and a much more stable market. Even in 2000 when everyone predicted a massive recession we still had growth virtually across the board.
Also the manufacturing unions have driven the wages and benefits so high that the American market cannot compete. If most of those jobs stayed here then the price of American made products would be so high no one could afford them.
and finally, Chrysler "investing" in Toledo is only a temporary solution. What happens in 2 years when Chinese (built and owned) cars come to the US and drive the prices of cars way down? Will those employees keep their jobs. I highly doubt it. What then? Either way you slice it the Toledo job market is GOING to have to evolve with the rest of the nation. Michigan, Ohio and Toledo are all going to have to face that reality.
MikeyA
Mikey, your whole point of computer technology allowing us to displace manufacturing jobs is well-taken. However, I already acknowledged that innovation is good even if it displaces jobs. On your other point, I don't agree that labor unions price themselves out of the market. Management freely negotiates with labor in the free market. It's when the rules of the market are changed by politicians is when I have a problem.
Didn't know Carty was a cheerleader for Wood County and Perrysburg Township. Perrysburg PRIDE!!
How much tax dollars benefit Lucas County, Toledo, and TPS?
Just in time for the massive 3rd shift cuts for the Liberty/Nitro line. Hundreds are done after the 25th of this month. I was going to lose my job at a tier 2 company working at the Toledo Supplier Park, but was able to jump ship in time.