"THE ONLY THING NECESSARY FOR THE TRIUMPH OF EVIL IS FOR GOOD MEN TO DO NOTHING"
--Burke

Wednesday, September 2, 2009

FNS News: Sony Outsources Border Factory [to Foxconn in Tijuana] ASARCO Bondholder Citigroup Inc. analyst comments

"Tijuana News September 2, 2009 Sony Outsources Border Plant

Battered by multi-billion dollar losses, Sony Corp. ...announced this week it will sell a 90 percent interest in a [Tijuana/Baja] factory that manufactures LCD television screens to Hon Hai Precision Industry Co.of Taiwan ...[it] will be managed by Hon Hai’s Foxconn division.

Foxconn, however, is among many electronics manufacturers that routinely outsource jobs to temporary employment agencies which don’t pay the full range of benefits....In addition to Tijuana, Foxconn is currently expanding production activities in Ciudad Juarez, Chihuahua....

Sources: Frontera, September 1, 2009. Los Angeles Times/Associated Press, September 1, 2009. Juarez-El Paso Now, August 2009. Cereal report, October 2007. Frontera NorteSur (FNS): on-line, U.S.-Mexico border news Center for Latin American and Border Studies New Mexico State University Las Cruces,New Mexico"

see also http://www.taipeitimes.com/News/biz/archives/2009/09/02/2003452602
"Hon Hai Precision Industry Co (鴻海精密) will buy the stake in a liquid-crystal-display TV unit based in Tijuana, Mexico, and the unit’s manufacturing assets...The sale signals that Sony — which is cutting 16,000 jobs and has shut eight factories to revive its profitability as it heads into its first consecutive annual losses since its listing in 1958 — may eventually stop making TVs, said Kota Ezawa, an analyst at Citigroup Inc in Tokyo."





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