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[BOREALIS]

Trump meets with executives who have offshored jobs
At least seven of the companies brought to the White House laid off American workers and moved the jobs to other countries

Bryce Covert
Economic Editor at ThinkProgress.
[e-mail]
Apr 4

President Trump met with about 50 business leaders on Tuesday morning to “discuss policies to create a pro-business climate,” in the words of a White House spokesperson.

But despite Trump’s repeated pledges to crack down on companies that outsource jobs, he welcomed at least seven into the White House who have laid off American workers and shifted them to other countries, according to a ThinkProgress review of Department of Labor data.

One of them, General Electric, is currently in the process of moving jobs overseas. By August of this year, 129 workers are set to lose their jobs in Lexington, Kentucky and 180 will lose jobs in Circleville, Ohio because production is moving abroad. It also moved at least 1,521 jobs overseas last year.

Mitsubishi, another company whose executive is meeting with Trump, has outsourced at least 1,368 jobs since 2011.

A number of the companies aren’t in manufacturing, a sector hit hard by trade. Even financial firms have been outsourcing jobs. BNY Mellon has shifted at least 233 jobs over the last six years. Citigroup, Deloitte, HSBC, and First Data Corporation, a credit card processor, have also moved jobs to other countries. All of them sent executives to Trump’s town hall on Tuesday.

Trump made numerous promises on the campaign trail to stop companies from moving jobs to other countries and to bring back the jobs that have already left.

“We’re going to bring our jobs back. We’re going to take them back from China and Mexico and Japan and India and every nation,” he told Fox News in 2016. “A Trump administration will stop the jobs from leaving America,” he told a crowd in Florida. And he promised it would all happen “very rapidly.”

But Tuesday’s meeting wasn’t the first between Trump and executives at businesses that are moving jobs to other countries. Last month, at least five of the companies Trump met with to discuss job creation were in the process of laying off workers because production is moving to other countries

https://thinkprogress.org/trump-meet-executives-offshore-jobs-8e9db2aa154e