America losses ($37 Million) jobs to Saudi Arabia.

Alcoa (from Aluminum Company of America) is the world's third largest producer of aluminum, and it’s headquarters are located in Pittsburgh, Pennsylvania. Madden AlCoA, has just awarded a $32 Million dollar contract to Saudi Arabian Kentz Co to build a new plant there. States Arab News.com," Alcoa’s Chief Executive Officer Klaus Kleinfeld said recently that the company’s global production costs are likely to come down when the new Saudi Arabian smelter starts up. He said Alcoa expects to profit more from a change in its contract pricing system as global metal demand continues to rise."
In a time where the American and European job markets have hit an all time low, it’s sad to see that these jobs going “over sea’s,” to avoid taxation and satiate the greed of the rich.
arabnews.com...

Maybe its more because of a government that puts up barriers and red tape for enterprises to flourish, people dont go into business to give hugs and kisses, they go into business because they want to make money, employ people, and / or create a product or service.

But its still not good to go overseas for greed.

Originally posted by sicksonezer0
Maybe its more because of a government that puts up barriers and red tape for enterprises to flourish, people dont go into business to give hugs and kisses, they go into business because they want to make money, employ people, and / or create a product or service.

But its still not good to go overseas for greed.

edit on 12-11-2011 by sicksonezer0 because: (no reason given)

Thank you for your response