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If there's one position that both presidential candidates can agree on, and it may be the only one, it's that outsourcing jobs overseas, or "offshoring," is absolutely terrible for American workers.
Parts supplier Schaeffler said it would cut thousands of jobs for a net reduction of about 3,700 workers. Union officials said Volkswagen plans to shut factories in Germany for the first time.
From 2000 to 2010, the U.S. experienced a net loss of 687,000 jobs due to outsourcing, primarily in the computers and electronics sector. Public disenchantment with outsourcing has not only stirred political responses, as seen in the 2012 U.S. presidential campaigns, but it has also made companies more reluctant to outsource or offshore jobs. [102]
Volkswagen announced sweeping changes to its German operations, including more than 35,000 future job cuts and capacity reductions in a last-gasp deal between Europe's top carmaker and unions on ...
After a financial struggle in 2020, and a loss of over €5.5 billion, ThyssenKrupp announced that it will be cutting over 11,000 jobs, 7,000 of which are located in Germany. [36] In November 2024, Thyssenkrupp announced it would lay off around 5,000 jobs at its steel subsidiary by 2030 and outsource a further 6,000 jobs. [37]
A 2017 study by PricewaterhouseCoopers found that up to 38% of jobs in the US, 35% of jobs in Germany, 30% of jobs in the UK, and 21% of jobs in Japan were at high risk of being automated by the early 2030s. [91] A 2017 study by Ball State University found about half of American jobs were at risk of automation, many of them low-income jobs. [92]
He’s derided companies that outsource jobs and relocate manufacturing outside the country. The focus of his criticism, however, has been undocumented immigrants in the country, not workers on ...
T-Systems was founded in 2000, when Deutsche Telekom acquired a 50.1% stake of debis Systemhaus, one of the largest IT services companies in Germany at the time. Most of Deutsche Telekom's existing service and IT businesses were then merged and incorporated under the control of one single company, the newly founded T-Systems.