* From a press release…
Today Illinois Freedom PAC released a new video highlighting billionaire gubernatorial candidate Bruce Rauner’s record of outsourcing American jobs. The video comes as Rauner faces criticism for stashing some of his vast fortune in a foreign tax haven and as an executive of a Rauner-created business faces criminal charges for wire fraud committed via a subsidiary in Bermuda.
The video features TV clips and other footage from a July protest of Rauner held at site of an abandoned wire plant in Rockford, which saw some of its production move to Mexico in 2002. Rockford is a community not unlike many others throughout Illinois and the nation, which has fallen victim to CEOs who outsource jobs.
Tom Gaulrapp - who found himself out of work in late 2012 when Mitt Romney’s Bain Capital outsourced his and 169 of his co-workers’ jobs to China and closed the Sensata Technologies plant in nearby Freeport - sums up the sentiment of the day in one particular clip.
“This is about keeping one of these vulture capitalists who thinks it’s a good idea to pack up our jobs and move them somewhere else, to keep him from being in the governorship of Illinois,” Gaulrapp tells local reporters.
* From the union’s website…
Rauner was a director at H-Cube, a self-described “premier global business outsourcing firm.” In 2006, 4,000 of its financial service jobs were located in India.
Rauner was a director at the Polymer Group, a company which produces feminine hygiene products, wipes, medical fabrics, and industrial material. The Polymer Group increased its profits by $13.4 million in 1995 by expanding its operations in Mexico after NAFTA.
Rauner’s company financed VeriFone, a maker of retail credit card terminals. In late 2001, 100% of its manufacturing workforce was outsourced to China, Mexico, Singapore, and Brazil. Rauner’s company made $800 million from VeriFone in just three years and Rauner called it his “biggest financial winner.”
Rauner was a director at ERO Inc., a company that produces slumber bags and flotation devices. In 1997, Ero contracted with manufacturers in China, Taiwan, Italy, and Indonesia..
* The union’s new YouTube video…