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Entries in Master Lock (2)

Wednesday
Feb152012

Obama at Master Lock Co.: 'Manufacturing Is Coming Back'

Scott Olson/Getty Images(MILWAUKEE) -- In a visit to Master Lock Co. in Milwaukee, President Obama wasted no time in demanding that Congress send him the payroll tax cut extension legislation that he says will save the typical American family “an extra $40 in every paycheck this year.”

“It'll make a real difference in the lives of millions of people.  And as soon as Congress sends me that extension of tax cuts and unemployment insurance to my desk, I will sign it right away.

“We're going to get that signed,”  Obama said.

“But that's only a start,” he quickly cautioned, as is his custom when discussing the need for continued economic growth.

“Our job as a nation is to do everything we can to make the decision to ‘in-source’ more attractive for more companies,” he said, referring to his plan to draw jobs lost to overseas manufacturing back to the U.S.

“That's our top priority. We've got to seize this moment of opportunity. We can't let it slip away. We've got an opportunity to create new American jobs and American manufacturing, put that back where it needs to be,” he said.   His list of tasks includes taking away tax incentives for companies that move jobs offshore and, conversely, give tax incentives to companies that return jobs to the U.S.

House Speaker John Boehner’s office pushed back on Obama’s comments: “The best thing the president can do to prevent outsourcing is pull back on the destructive policies – like his health care law and regulations – and threat of tax hikes that are making it harder for American businesses to hire workers here at home,” Boehner spokesman Brendan Buck said.

But Obama argued that “manufacturing is coming back.  Companies are starting to bring jobs back.  The economy is getting stronger.  The recovery is speeding up.  We’re moving in the right direction. And now we have to do everything in our power to keep our foot on the gas – and the last thing we can afford is to go back to the same policies that got us into this mess,” he said.

Obama says Master Lock Co., the world's largest manufacturer of padlocks and related security products, according to a press release, is a prime example of what he is talking about.  Instead of outsourcing jobs over the last two years the company has brought back 100 workers to Wisconsin from overseas.

Copyright 2012 ABC News Radio

Tuesday
Jan182011

US Company Pulls Jobs from China

Photo Courtesy - Getty Images(MILWAUKEE) – A Milwaukee-based company has announced they will bring some three dozen jobs back to the United States from China, where labor unrest has driven wages higher.

Master Lock said the move will bring the total number of workers at their U.S. factory to 379, reports the Milwaukee Journal Sentinel.

The company also cited the increased cost of shipping and a weakened U.S. dollar.
 
Still, the company’s U.S. workforce is far below what it used to be. Before outsourcing to China and Mexico, 1,300 employees were employed at the Milwaukee facility in the 1990s. 

Copyright 2011 ABC News Radio







ABC News Radio