OK, the good thing here is that the American Company is building a new plant that will employ 700 folks.
Here is what the Indian firm said
“Our investment in Minnesota Steel is exciting as it gives us a cornerstone in the North American market,” said Shashi Ruia, chairman of Essar Global.
This Indian company already employs 3000 americans.
You can read the entire BBC article here
We really need to take a stand against foreign companies buying our companies. We’re not just losing companies, we’re also losing part of America.