In anticipation of policies promised by President-elect Barack Obama, Phoenix-based Honeywell is packing some of their bags and heading to Mexico and the Czech Republic. The Arizona Republic is reporting that 700 manufacturing jobs are heading to a more business-friendly environment starting in the 2nd quarter of 2009.
One of the key points made in the ‘s report seems to give an indication that Honeywell is making these changes as a preventative measure to avoid the likelihood of a Democrat-controlled federal government imposing higher taxes – especially on corporations:
The announcement came two days after Barack Obama, who has promised to take a hard line with companies that move manufacturing jobs overseas, was elected the 44th U.S. president.
We hate to be an “I told you so” but this is what corporations and their employees can expect as an Obama-Pelosi-Reid Triune affronts American industry with more regulations and increase cost of business.