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And the plant expansion in question was for stoves. Another plant in Tenn. does freezers. I've noticed Trumpettes lately have taken to out right lying..er alternative facts.
GE, LG, Whirlpool, Kitchenaid, Maytag, et. al. must be licking their chops right about now.
They can cut a deal with US steel manufacturers and pick-up all the business lost by Electrolux.
So why doesn't Electrolux use American sourced raw materials instead , when they are exploiting our market for their profit?
If they're too cheap to include us in their supply chain then I guess they just can't sell their weird second-tier crap here (nothing they make is much good anyway. They sell their crappy vacuum cleaners at big box stores, its not like its even a premium brand or anything)
Electrolux is like the Saab of home appliances.
Because the issue is that American steel will increase its prices. And thats simply supply and demand. With a 25% tariff, American steel companies may increase their price by 20% to increase revenue.
OR if the current price of us steel is that much higher then foriegn steel, they will simply keep their price point, but the foriegn steel is no longer available cheaper. Either way....prices go up.
Great news, let's put an American company there instead.
Quote:
Originally Posted by craigiri
Ah, so you are a Socialist and believe the government should put an American Company there?
I thought we were past those ideas of the gubment controlling such things. Do you know how many American companies do business overseas? Have factories? Hire 100's of thousands all over the Globe?
You seem to not know this stuff...or somehow think we control the world.
Except for you, who said anything about government doing anything?
Good riddance to Electrolux and their sub-par wages!
At Electrolux's brand-new, $190 million oven and range plant in Memphis, Tenn., rank-and-file jobs start at less than $12 an hour and average $14.65 – pay rates the city's newspaper noted are not exactly “the solid middle-class wages that lifted factory workers a generation ago.â€
Wages look to be even lower at Electrolux's plant in Springfield, Tenn., where a temp agency is advertising $9-per-hour “temp to hire†assembly line jobs that have the “potential to go full time†in three to four months at $10.25 an hour.
Those wages aren't on par with General Electric's Appliance Park in Louisville, where line workers start at $15.51 per hour and skilled veterans can earn $30. And rather than starting as temps, they're fulltime GE employees with benefits negotiated by the park's union from Day 1 on the job.
So why doesn't Electrolux use American sourced raw materials instead , when they are exploiting our market for their profit?
If they're too cheap to include us in their supply chain then I guess they just can't sell their weird second-tier crap here (nothing they make is much good anyway. They sell their crappy vacuum cleaners at big box stores, its not like its even a premium brand or anything)
Electrolux is like the Saab of home appliances.
They are basing their decision on the expectation that American steel producers will increase their prices as their competition is now having to raise their prices. Further, the US does not produce enough of or all types of steel and aluminum products. Some types of specialized metals aren't made in the US and have to be imported.
Because the issue is that American steel will increase its prices. And thats simply supply and demand. With a 25% tariff, American steel companies may increase their price by 20% to increase revenue.
OR if the current price of us steel is that much higher then foriegn steel, they will simply keep their price point, but the foriegn steel is no longer available cheaper. Either way....prices go up.
How many steel companies do we have in the US and why will a tariff on imported steel cause them to no longer compete with one another?
GE, LG, Whirlpool, Kitchenaid, Maytag, et. al. must be licking their chops right about now.
They can cut a deal with US steel manufacturers and pick-up all the business lost by Electrolux.
Some people's grasp of economics is basically nonexistant.
Quote:
Originally Posted by James Bond 007
Uh, you don't get it. If Electrolux wants to cancel an appliance plant, which would have made appliances for the US market, because of high steel costs due to Trump's tariffs, then Hoover, Whirlpool, GE or any other American company will face the exact same conditions and circumstances and would make the exact same decision.
Good riddance to Electrolux and their sub-par wages!
At Electrolux's brand-new, $190 million oven and range plant in Memphis, Tenn., rank-and-file jobs start at less than $12 an hour and average $14.65 – pay rates the city's newspaper noted are not exactly “the solid middle-class wages that lifted factory workers a generation ago.”
Wages look to be even lower at Electrolux's plant in Springfield, Tenn., where a temp agency is advertising $9-per-hour “temp to hire” assembly line jobs that have the “potential to go full time” in three to four months at $10.25 an hour.
Those wages aren't on par with General Electric's Appliance Park in Louisville, where line workers start at $15.51 per hour and skilled veterans can earn $30. And rather than starting as temps, they're fulltime GE employees with benefits negotiated by the park's union from Day 1 on the job.
It is nothing short of mind-boggling how some people do not grasp basic economics.
While it's nice that wages at GE's plant are high, the fact that they pay high wages AND will also now face higher costs for steel puts that plant in even more jeopardy than the Electrolux plant. In fact, GE recently sold the plant, in part because its costs were high. And guess who bought it? YUP, THE CHINESE.
Uh, you don't get it. If Electrolux wants to cancel an appliance plant, which would have made appliances for the US market, because of high steel costs due to Trump's tariffs, then Hoover, Whirlpool, GE or any other American company will face the exact same conditions and circumstances and would make the exact same decision.
Critical thinking is critical.
Wasn't Hoover sold in 2007 to Hong Kong based Techtronic Industries??
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