CLASS RACER FORUM - View Single Post

Eddies66 · 06-29-2024, 07:32 PM

Having subjected to this business decision with GE Engine Services in 1999. Our cost of labor was $70 per hour with customer cost $90, giving GE $20 profit. Our sister plants in Brazil labor $25 per hour and Scotland was $45. GE made a decision to layoff 400 plus employees and move the plant to China where cost of labor was $15 per hour. Cost to customer remained $90, now that is capitalism at its best. It all worked out for me, found employment within days. I did keep my GE stock and it split.

06-29-2024, 07:32 PM	#90
Eddies66 VIP Member Join Date: Feb 2010 Location: Rancho Mirage, CA Posts: 1,308 Likes: 300 Liked 881 Times in 452 Posts	Re: Biden's lie about insulin price cap Having subjected to this business decision with GE Engine Services in 1999. Our cost of labor was $70 per hour with customer cost $90, giving GE $20 profit. Our sister plants in Brazil labor $25 per hour and Scotland was $45. GE made a decision to layoff 400 plus employees and move the plant to China where cost of labor was $15 per hour. Cost to customer remained $90, now that is capitalism at its best. It all worked out for me, found employment within days. I did keep my GE stock and it split.