Willard M. Romney still gets money from Bain Capital through a blind trust held by his wife Ann and investments in the Cayman Islands. And his buddies at Bain Capital are still shipping jobs overseas, still snatching jobs from Americans, including in Illinois.
In a small town like Freeport, laying off 170 workers is a major loss, which is exactly where there will be 170 people newly unemployed, thanks to Bain outsourcing jobs from Sensata Technologies, a Bain-owned plant.
Freeport’s population is less than 30,000, and their unemployment rate is at 10.4 percent. Putting nearly 200 people out of work affects the entire community.
“When I found out that my job was going to be shipped overseas to China … at first I was angry, now just five or six months away from unemployment, I’m scared,” said Cheryl Randecker, a Sensata employee who has worked at the plant for 33 years. “As a single mother, I don’t just worry about myself, I actually worry about my daughter.”
In early 2011, Sensata, a maker of sensors and controls that are used in aircraft, automobiles, and electric motors, announced it would be relocating the jobs in Freeport to China and closing the local plant. Normal operations have continued following the announcement, but hundreds of jobs are being phased out gradually and final layoffs are set to occur just before the holidays in December.
Now, after years on the job, Randecker won’t be able to pay for her daughter’s education, and she’s worried about making her house payments and paying her bills. And to make matters worse, she and her fellow soon-to-be-ex-employees have to train their Chinese replacements, which she says is “challenging.”
Randecker asked community leaders and organizations to help get Romney to assist them in saving their jobs. Don’t hold your breath, Cheryl.
Of course, based on what Bain did under Willard’s watch, and on what they’re doing now, “job creator” isn’t exactly the appropriate adjective for the GOP candidate, now is it? He’s always been part of the unemployment problem, not the other way around.