Romney's Company Outsourcing Jobs?

FYI

from Truth Be Told News!

Contributing Correspondent: Mark S. Allen
Will the National Media Challenge Romney?
Will the Obama Campaign Raise This Issue?

How does the major media allow Mitt Romney to continue to campaign on the fact 
that he wants to bring and keep good paying jobs in the United States while at the 
same time not commenting or being challenged on one of his companies (Sensata Technologies Plant) in Illinois currently outsourcing 170 jobs to China! On MONDAY, OCTOBER 29th the workers and their supporters led yet another public demonstration 
at the Freeport, Illinois plant trying to get the attention of the national media as well 
as Mitt to save their jobs and keep Romney's commitment to keep good paying jobs like in Illinois and the United States and not outsourced to China!


The Rev. Jesse Jackson and 13 Sensata Technologies employees were arrested last
week in a protest at Sensata plant in Freeport, IL. The group was apprehended on plant property in an attempt to meet with management to make the case for keeping the 
plant open and saving the workers’ jobs from being sent to China. 


They were released after processing by local law enforcement.
Having already shuttered two of its three manufacturing sites in the USA, the Romney owned company is in the process of outsourcing 170 well-paying jobs to China from the remaining plant in Freeport despite record profits. Sensata began the terminations last Friday and they will continue through the end of the year. The job loss at the plant will result in the loss of $7.7 million in wages that feed the local economy according to Stephenson County Chairman John Blum.


Sensata Technologies, which was created by Bain Capital in 2006, develops 
manufactures and sells sensors and controls for major auto manufacturers such as 
Ford and General Motors. While at Bain, Republican presidential candidate 
Romney pioneered the business model that today is costing Sensata workers their 
jobs. And he is still financially tied to Sensata.

Thanks to his retirement agreement with Bain, Romney owns close to $8 million in 
Bain funds that together hold 51 percent of the company’s shares--a controlling financial stake. As a result, Romney not only profits directly from Sensata but also stands to profit from the outsourcing of the Sensata workers’ jobs. 

Adding insult to injury, Romney secured a major tax deduction by transferring 
$170,000 worth of Sensata stock to one of the charities he runs.
During their public demonstration on MONDAY, OCTOBER 29th in Freeport, Illinois - 
It is the hope of these 170 workers that the national political media and 
Mitt himself will focus on their fight to keep their jobs.