After reading about the resolution proposed by the workers of the Bain Capital Co., Sensata Technologies, just to have Mitt Rmoney, to step in and save roughly 170 local jobs being outsourced to China; I think I have a better resolution in mind to this matter.
First, if that’s what Bain Capital wants to do, to maximize the profits of Sensata Technologies, by closing down this plant and moving the jobs from Freeport Ill. (USA) to a foreign country, (i.e. China) as a matter of business, then as a matter of business, I propose the following resolution for Bain Capital and its Managing Officers of said Company;
1. In the event that said company, Sensata Technologies, a Bain Capital Co., requires the moving of said company, Sensata Technologies, to any foreign country for the sole purpose of Bain Capital to maximize the profits and technologies inherent of said company, Sensata Technologies, it is hereby decreed:
2. That any workers or employees, of Sensata Technologies, that are displaced of any formal employment at said place of employment, Sensata Technologies, therefore are left unemployed, by the decision of Bain Capital and its Managing Officers of said Company, shall receive for this loss of gainful employment a total of 5 years pay, at the present rate of either hourly or salaried, in the form of a lump sum payment; payable upon the loss of active employment at said place of employment;
3. That any workers or employees, of Sensata Technologies, that are displaced of any formal employment at said place of employment, Sensata Technologies, therefore are left unemployed, by the decision of Bain Capital and its Managing Officers of said Company, who has actually trained a member of any foreign entity, for the express purpose of taking over the job(s) that they presently perform at Sensata Technologies; shall be paid a lump sum of $50.000(USD), nontaxable, as a training fee for any foreign entity of any foreign country;
4. That any workers or employees, of Sensata Technologies, that are displaced of any formal employment at said place of employment, Sensata Technologies, therefore are left unemployed, by the decision of Bain Capital and its Managing Officers of said Company, shall have a yearly investment payment of $100.000(USD), nontaxable, for their role in the technologies or any techniques they themselves used in the production of any product(s) manufactured at said company, Sensata Technologies, for their knowledge base in the production and manufacturing of any products produce in any foreign country that have been reassigned by Bain Company and its Managing Officers of said Company, for no more than 10 years henceforth;
5. That any workers or employees, of Sensata Technologies, that are displaced of any formal employment at said place of employment, Sensata Technologies, therefore are left unemployed, by the decision of Bain Capital and its Managing Officers of said Company, shall have a yearly –per diem- of $20.000(USD),nontaxable, for the express purpose of reeducation and schooling to re-train themselves in a new career of sustainable employment for a period not to exceed a 3 year time period;
6. That any workers or employees, of Sensata Technologies, that are displaced of any formal employment at said place of employment, Sensata Technologies, therefore are left unemployed, by the decision of Bain Capital and its Managing Officers of said Company, shall have paid on a yearly basis any and all present Health Care Benefits that any employee presently has in place as a form of Health Care Insurance, not to exceed 3 years beyond the displacement of any formal employment at said place of employment, Sensata Technologies, therefore are left unemployed, by the decision of Bain Capital and its Managing Officers of said Company;
In all, these 6 provision are designed to protect these workers and employees of Sensata Technologies for the grievances’ of being formally displace of their livelihoods and the hardships they will encounter once they are, due in part to a corporate decision, unemployed after years of employment at said company, Sensata Technologies.
On the premise of the plant or facilities that encompassed the said company, Sensata Technologies, I further propose the following decrees as that which in part will affect the community as a whole.
1 Any previous Tax Incentives that were used as the motives for Bain Capital and its Managing Officers of said Company, to stay in Freeport, Ill. As a primary reason, shall be repaid to the city of Freeport, Ill., or any other local Governmental entity that granted any form of tax incentives to Bain Capital and its Managing Officers of said Company, shall be repaid in full with a 16.5% interest rate for the use of any tax moneys used by Bain Capital and its Managing Officers of said Company;
2 The plant or facilities that encompassed the said company, Sensata Technologies, or any other properties associated with the said company, Sensata Technologies, shall revert back to the city of Freeport, Ill. And therefore become city property owned by the City of Freeport, Ill., with Bain Capital and its Managing Officers of said Company, not having or holding any title or ownership of said properties in any form, thus Bain Capital and its Managing Officers of said Company, forfeits any and all holdings of said properties and has no further title to said properties.
3 Any and all interior and exterior components of any and all properties that are presently attached to any structure of any and all properties associated with said company, Sensata Technologies, are to remain attached as are. Bain Capital and its Managing Officers of said Company, are restricted from removing and destroying or disassembling any plumbing, electrical, hvac or any environmental system presently in place. Any and all electrical , water, sewerage and waste disposal shall remain in service for the duration that any plants or facilities that are unoccupied per Bain Capital and its Managing Officers of said Company;
4 Any manufacturing machinery, assembly line set-ups, or any other associated machinery that is attached to the flooring or structure walls, or set-up in a permanent position, in any form, are to remain attached as are. Any and all hand tools, fixtures, jigs and associated tooling used in the performance to manufacture and produce any products as assembled at Sensata Technologies, are to remain in place as is;
5 Any supplies or associated inventory that is presently used in the manufacturing of any and all products of said company, Sensata Technologies, are not to be depleted, and to be replenished with a minimum of 3 months inventory remaining;
6 Any plants or facilities that are unoccupied as a result of Bain Capital and its Managing Officers of said Company, shall retain and have a in place a permanent maintenance crew for the upkeep and appearance of any unoccupied plant, facilities and properties associated with said company, Sensata Technologies ;
7 Any environment assessments of any environmental waste or damages that require any clean-up shall be paid by Bain Capital and its Managing Officers of said Company;
As to this aspect of this decree, in actuality, is the fact that if Bain Capital and its Managing Officers of said Company, wants to move these jobs to another foreign country, go right ahead but, none of the machines or equipment or anything leaves from any of these plants or facilities, everything stays right here in Freeport and that they can duplicate this factory anywhere they want to, on this planet, but this factory stays right here, intact. Period.
So, that joke of a resolution approved on Monday evening to call on presumptive Republican presidential nominee Mitt Romney to step in and save roughly 170 local jobs from being outsourced to China, has no teeth. These people, including Mitt, probably got a good chuckle out of it. My proposal has teeth, that will bite, and legs to boot.(up the ying yang)
So, Mayor Gaulrapp, to put some balls to a real resolution, try my suggestion to stop this madness that has become a way of life for companies like Bain Capital and its Managing Officers, and let this un-American Corporate Raiders understand-Enough is enough. So, let’s make this resolution retroactive back to the date in which Bain Capital and its Managing Officers, decided to outsource these jobs at Sensata Technologies to China, retroactively.
From: an American Citizen
I just hope someone takes a stand and put forth this resolution!!
= new reply since forum marked as read
