230 jobs moved to Central America
Elastic Corporation to shut down: Columbiana factory’s 230 jobs moved to Central America. According to the article the bulk of this companies customers are fled south of the border for cheap labor and they have to be where their customers are (Fruit of the Loom, Jockey, etc.) This was all in March of 07
Here is a couple quotes from the company: “We’ve had great employees but its just one thing you have to do in textiles,” “You go to these foreign countries for lower wages, for cheaper work.” “We have a facility in Honduras, and it’s likely that’s where we will be going,”. “A majority of our customers are in Central America, and they want our presence there.”
Here is a quote from the town’s mayor: “We are very sad for the employees because this is their livelihood,”. “Many of them have devoted their entire adult lives to working there.”
Source: Shelby County Reporter
