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1 posted on 11/11/2003 11:46:15 AM PST by Mini-14
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To: Mini-14
You have to be kidding me. Most of the Indians I know who moved to the west wanted to imprive their standard of life and although they love their old country, don't suggest moving back to work at child-sweatshop wages.
2 posted on 11/11/2003 11:51:53 AM PST by KC_Conspirator (This space for rent)
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To: Mini-14
US Workers Charge Treason in Outsourcing US Missile Technology to China
Posted by Naum on Monday October 27, 2003 at 11:50 am MST http://www.counterpunch.org/stclair10252003.html

Magnequench is an Indianapolis-based company. It specializes in the obscure field of sintered magnetics. Essentially, it makes tiny, high-tech magnets from rare-earth minerals ground down into a fine powder. The magnets are highly prized by electronics and aviation companies. But Magnequench's biggest client has been the Pentagon.

The neodymium-iron-boron magnets made by Magnequench are a crucial component in the guidance system of cruise missiles and the Joint Direct Attack Munition or JDAM bomb, which is made by Boeing and had a starring role in the spring bombing of Baghdad. Indeed, Magnequench enjoys a near monopoly on this market niche, supplying 85 percent of the rare-earth magnets that are used in the servo motors of these guided missiles and bombs.

But the Pentagon may soon be sending its orders for these parts to China, instead of Indiana. On September 15, Magnequench shuttered its last plant in Indiana, fired its 450 workers and began shipping its machine tools to a new plant in China. "We're handing over to the Chinese both our defense technology and our jobs in the midst of a deep recession," says Rep. Peter Visclosky, a Democrat from northern Indiana.

It gets stranger. Magnequench is not only moving its defense plants to China, it's actually owned by Chinese companies with close ties to the Chinese government.

Magnequench began its corporate life back in 1986 as a subsidiary of General Motors. Using Pentagon grants, GM had developed a new kind of permanent magnet material in the early 1980s. It began manufacturing the magnets in 1987 at the Magnequench factory in Anderson, Indiana.
3 posted on 11/11/2003 11:57:50 AM PST by veryone
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To: Mini-14
Ah the good old days when just getting a com. scie degree practically guaranteed a job...that was about 3 yrs ago.

In my state you've got 400 people applying for just a crappy tech support job.

I had to get out of the field, they couldn't afford me anymore...

4 posted on 11/11/2003 11:59:13 AM PST by lovecraft
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To: Mini-14
Here's an ad from the Sunday Chicago Tribune....

IT Opportunities - In Hyderabad, India.
Computer Associates is looking for:
Sofware Engineers
Level II Support
Quality Test Engineers
Tech Writers

The question that puzzles me is: Didn't US Companies outsourcing their IT to India cite "lack of qualified...{name the position}" as one of the reason for outsourcing ?

Luuuuucy............you got some 'splainin to do.
7 posted on 11/11/2003 4:46:16 PM PST by stylin19a (is it vietnam yet ?)
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