by Mike Hall
In 2010, the Bain Capital-controlled Sensata Technologies bought Honeywell’s automotive onboard sensor business, including a Freeport, Ill., plant, where 170 workers were making a middle-class living. Says Tom Gaulrapp:
“They came in and introduced the transition team, and the next bullet in the meeting was, ‘By the way, by the end of 2012 all the jobs in this plant will be moved to China.”
Those middle-class jobs were, according to the Institute for Global Labor and Human Rights, headed for Sensata facilities where mostly female workers earn 99 cents an hour for 12-hour days, seven days a week.
USW President Leo W. Gerard says, “Mitt Romney likes to say that he knows nothing about tax breaks for offshoring American jobs, or that he shouldn’t be held accountable for Bain Capital’s actions since he’s no longer CEO.
“Our video shows the truth about the kind of economy Romney wants, and it exposes the fact that he continues to own shares in Bain-controlled companies like Sensata that profit from sending these good jobs to China.”
The New York Times reported this summer:
“[Mitt Romney] owns about $8 million worth of Bain funds that hold 51 percent of Sensata’s shares. If Sensata saves money by closing the Freeport plant, that could add money to Mr. Romney’s trust accounts, now or after the election.”
Watch the video where workers talk about the impact of losing their jobs to China had on their families and their community. Then read this report from the institute on the Chinese factories Bain and Romney are profiting from.