Aug 7 - Tariffs claim another victim.

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 2 weeks ago '18        #1
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Lord God 20 heat pts20
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Aug 7 - Tariffs claim another victim.
 

 


Element Electronics, a consumer electronics company in South Carolina, says it will be closing its plant in Winnsboro due to tariffs imposed by President Trump.

The State reported Tuesday that the company was one of the largest remaining employers in Fairfield County after the local Walmart, which used to be the largest grocery store in the county, closed its doors two years ago.

The news also comes after plans were canceled to build two nuclear reactors in the area, terminating 5,000 construction jobs.



Last edited by Lord God; 08-07-2018 at 06:59 PM..
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49 comments for "Aug 7 - Tariffs claim another victim."
 2 weeks ago '04        #2
ohhohh 2 heat pts
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I wonder what type of manufacturing plant it was...either way it's a red state so those employees probably voted for Trump anyway...you get what you paid for.
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 2 weeks ago '11        #3
Sin 1607 heat pts1607
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sound like the area been failing overall

walmart closing and powerplant canceled
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 2 weeks ago '17        #4
Naga Sadow 7 heat pts
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 ohhohh said:
I wonder what type of manufacturing plant it was...either way it's a red state so those employees probably voted for Trump anyway...you get what you paid for.
People don't understand how much it's effecting manufacturing. My company has been in constant negotiations with both our vendors and our customers. It's been a lot of back and forth on pricing and jobs. This whole unnecessary trade war Trump started is having a bad effect on manufacturing, especially ones that specialize in electronic sensors. The photo eyes and laser scanners we use went up in price by like 10%.

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 2 weeks ago '07        #5
timdog 1008 heat pts1008
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President Donald Trump’s tariffs have caused a TV-manufacturing company's plant to lay off 94 percent of its employees. It has scheduled the closing of its Winnsboro, South Carolina, plant for October.

Element Electronics sent a Worker Adjustment and Retraining Notification to the South Carolina Department of Employment and Workforce on Monday. The letter, which the state Department of Employment provided to Newsweek, said the reason for the layoff and closure was “the new tariffs that were recently and unexpectedly imposed on many goods imported from China, including the key television components used in our a.ssembly operations in Winnsboro.” Up to 126 of 134 full-time employees will be laid off after the company closes its plant on October 5.

The notice also said there would be no “bumping,” which means senior workers and newer hires at Element Electronics would experience the same level of risk when being laid off. Those being laid off include one warehouse clerk and one vice president of finance. The company hopes to reopen in three to six months following the closing date but said it could not predict when it would reopen with certainty. An eight-member skeleton crew will remain at the facility.


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Following the shutdown of a Walmart location two years ago, Element Electronics became one of Fairfield County's largest employers, according to a report by The State. The article reported tariffs have also caused BMW to alert U.S. Commerce Secretary Wilbur Ross that 45,000 more jobs could be at risk in South Carolina. Tariffs may also cause Volvo to go back on its promise to hire 4,000 people in the state.

The tariffs have hit global companies, including Coca-Cola. Because of the aluminum tax, Coca-Cola said it would raise the prices of its products in the U.S. rather than close, Newsweek reported last week.

The letter follows the closing of a textile mill in Midlands County, South Carolina, and the shutdown of a nuclear plant project in Fairfield County last summer. On the loss of the textile mill, DuraFiber, Winnsboro Mayor Roger Gaddy said at the time it would be “very difficult for the town and for the citizens and for the community. The town of Winnsboro sells natural gas to DuraFiber and we will be losing that business."

Neither the mayor’s office nor Element Electronics could be immediately reached for further comment.

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 2 weeks ago '18        #6
pettywap 1 heat pts
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But but.... but #MAGA & winning till we get tired of winning.


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 2 weeks ago '16        #7
ThunnLanguage 11 heat pts11
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trade war... winning...

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 2 weeks ago '06        #8
servesurite 42 heat pts42
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lol at thread title
 2 weeks ago '18        #9
Lord God 20 heat pts20 OP
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 Sin said:
sound like the area been failing overall

walmart closing and powerplant canceled
Good thing the tax cut kicked in and helped out, huh?
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 2 weeks ago '11        #10
Sin 1607 heat pts1607
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 Lord God said:
Good thing the tax cut kicked in and helped out, huh?
No its unfortunate, i wish everyone can experience prosperity
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 2 weeks ago '09        #11
messy marv stan 4777 heat pts4777
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 Naga Sadow said:
People don't understand how much it's effecting manufacturing. My company has been in constant negotiations with both our vendors and our customers. It's been a lot of back and forth on pricing and jobs. This whole unnecessary trade war Trump started is having a bad effect on manufacturing, especially ones that specialize in electronic sensors. The photo eyes and laser scanners we use went up in price by like 10%.


the trade war is just a job k!lling extortion scheme. even products not subject to toupees extortion scheme will go up in price smh. im certain the trumpster has turbo accelerated the upcoming recession. the fees generated by this scheme are gonna go straight to the regimes goon squad...its gonna be at least $100 billion smh
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 2 weeks ago '13        #12
lb99 4 heat pts
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 Sin said:
No its unfortunate, i wish everyone can experience prosperity
That's impossible with our system.

Can't be "haves" without "have nots".

I think that's how most Americans like it too.
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 2 weeks ago '11        #13
Sin 1607 heat pts1607
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 lb99 said:
That's impossible with our system.

Can't be "haves" without "have nots".

I think that's how most Americans like it too.
I feel as Americans were very well off compared to other nations worldwide
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 2 weeks ago '13        #14
jae dub 336 3 heat pts
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 Sin said:
I feel as Americans were very well off compared to other nations worldwide
Your feelings aside the United States is continually sliding towards being a 3rd world nation
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 2 weeks ago '05        #15
blah blah blah 52 heat pts52
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Dumb trumpanzees will still defend this @
 2 weeks ago '11        #16
Sin 1607 heat pts1607
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 jae dub 336 said:
Your feelings aside the United States is continually sliding towards being a 3rd world nation
Id agree with that

Things need to change
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 2 weeks ago '18        #17
niruggg 1 heat pts
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trade wars are

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 2 weeks ago '11        #18
Sin 1607 heat pts1607
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 niruggg said:

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trade wars are

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He should have signed a deal with Mexico and Canada before starting a trade war with Europe and Asia
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 2 weeks ago '12        #19
Pleasure Boy 1286 heat pts1286
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Yesterday idiots celebrated China's markets crashing... Dotard threaten more tariffs... China dont even flinch, they just retaliate

The winning dont stop
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 2 weeks ago '12        #20
Pleasure Boy 1286 heat pts1286
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Lots off layoffs that dont make mainstream media


Last edited by Pleasure Boy; 08-08-2018 at 08:26 AM..
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