Standing up to Romney's 'vulture capitalism'

UAW |  By  | October, 24 2012 |  Share  | Source Article

Bob King, others to rally with Illinois Sensata workers against Bain's outsourcing

FREEPORT, Ill. - UAW President Bob King will rally with workers and labor leaders from across the country Saturday to support Sensata Technologies workers here facing outsourcing by Bain Capital in the fight to save their jobs.

The Sensata plant is owned by Bain Capital, founded by Mitt Romney, and makes sensors and controls for auto manufacturers. The company plans to close Nov. 5 -- the day before Election Day -- kicking 170 workers to the curb while sending their jobs overseas to Chinese sweatshops.

Meantime, Sensata has forced workers at the Freeport plant to train replacements from China and even reduced their severance packages. Workers and their supporters have been camping out across from the plant -- at "Bainport Encampment" -- to bring attention to their cause.

In Monday's final presidential debate, President Obama proved that he is a leader who has taken important actions to create a level playing field for U.S. companies and workers around the world. He has fought hard to stop the unfair trade practices of China and other global trading partners because he understands that fair trade is important to creating and maintaining auto jobs in the United States.

While President Obama was saving the auto industry, Romney was profiting off the outsourcing of American jobs by investing in companies that were "pioneers of outsourcing."  Romney led investments in companies that outsourced jobs, including those that grew into some of the largest outsourcing and offshoring companies in the world, while families and communities were left behind, forced into crisis.

"Mitt Romney has never stood up for American workers, and Bain Capital has put profits before people over and over," said UAW President Bob King.  "Mitt Romney won't stand up for American workers at Sensata in Freeport, Illinois - a company in which he is a direct investor - even though their jobs are being moved to China in the middle of this presidential election.

"Romney stands silent but stands to profit as Bain Capital offshores American jobs to China, even though the workers in Freeport make a modest wage of $14 to $17 per hour," said King, adding that investigators have documented the exploitation of the overwhelmingly young and female workforce at Sensata's Chinese facilities.

According to a recent report by the Institute for Global Labour and Human Rights, workers at Sensata's facilities in China earn wages ranging from 99 cents to $1.35 per hour, work forced overtime in excess of legal limits, and 70 percent of them work 12-hour days, seven days a week.

"Romney has never stood up for American workers like President Obama has. Instead, he used them for his own personal profit and political advantage. Republican President Teddy Roosevelt said 'speak softly and carry a big stick.' Romney speaks loudly and outsources the sticks to China," said King, adding: "His record on jobs and offshoring work is despicable. Romney is so wrong for working families."

Here are more details of Saturday's event:

What:  Rally with UAW President Bob King

When:  Saturday, Oct. 27, at 10 a.m.

Where: "Bainport Encampment" - Stephenson County Fairgrounds, 2250 S. Walnut Road, Freeport, Ill.