'A Chinese company has provided a lifeline for Saab Automobile with a cut-price order for almost 600 cars and enough cash to pay the wages of its 3,800 workers this month and make some payment to suppliers.' (Telegraph.)
So. COMMUNIST China is bailing out The West, here there and everywhere. Add to this the way in which its grossly underpaid labour force is allowing the takeover of numerous capitalist businesses worldwide - with Sheffield heavily and specifically affected - and I believe we have a right to be deeply concerned.
MITK has discovered that Neill Tools - maker of all the great brands from Sheffield - is a case in point.
All their toolmaking equipment has been shipped out to China and the finished tools are then imported! All our expertise is being lost to a low wage economy which is undermining the state.
To add insult to injury, the new company has rid itself of many workers on £9+ per hour who work in what has now become a Sheffield import warehouse and has replaced them with a largely Polish workforce on minimum wage.
