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saved byapeterson on 2008-05-21

  • German industrial giant, bought the plant and folded it into a
    global enterprise
  • twice as many
    workers
  • sent production to Mexico
  • David J. Spyker, once the plant manager and now vice
    president of a Siemens unit with operations around the
  • 2,700 jobs from a town of 8,000 people.
  • putting
    millions of Americans to work for new owners
  • dollar losing
    much value
  • 200,000 Michigan residents worked for subsidiaries of foreign companies as of 2005
  • She
    had promised to persuade the company to stay, assembling a package of
    more than $120 million in state and local tax credits. The city offered
    to build a new plant. The local union agreed to give up as much as $33
    million a year in wages.