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Sun Oct 14, 2012, 02:10 PM

French Samsonite employees laid off by Bain join Sensata workers at ‘Bainport’ Oct. 13 [View all]

Source: Rock River Times

FREEPORT, Ill. — French Samsonite workers who were laid off and robbed of their severance pay by Bain Capital will join Freeport Sensata workers for a rally ... in protest of Bain’s decision to close the Freeport, Ill., Sensata Technologies plant and outsource 170 jobs to China. The plant is set to close in November.
...
Sensata Technologies, 2520 S. Walnut Road, Freeport, 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.

Despite rising profits, the company plans to institute the final layoffs in November. The workers are training their Chinese replacements, who have been flown to Illinois by the company.

Republican presidential candidate Mitt Romney is a co-founder of Bain Capital, the private equity investment firm that created Sensata. According to SEC filings, Romney served as CEO of Bain Capital from its founding in 1984 until 2002. Romney, however, has repeatedly said he left the company in 1999.

Read more: http://rockrivertimes.com/2012/10/12/french-samsonite-employees-laid-off-by-bain-join-sensata-workers-at-%E2%80%98bainport%E2%80%99-oct-13/



DEMAND the news media cover this important story!

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Reply French Samsonite employees laid off by Bain join Sensata workers at ‘Bainport’ Oct. 13 [View all]
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