Master Lock, the United States-based padlock manufacturer, is reportedly set to close its factory in Milwaukee, Wisconsin, next year with plans to outsource over 400 American employees’ jobs.
Officials with the United Auto Workers , who represent many of Master Lock’s employees, said Master Lock executives have informed employees that the Milwaukee plant will shutter by the end of March next year and that their jobs will be outsourced to other existing North American plants.
“We are disgusted, yet again, as another profitable corporation has decided to close the doors of a manufacturing icon in corporate America’s never-ending quest for profit, without any regard for the people amassing their wealth,” UAW representativesThe company informed workers today that their jobs would be outsourced beginning this fall, 102 years after the company was founded, in Milwaukee.
CEO Nicholas Fink enjoys annual compensation of $10 million though his greed won’t tolerate $20 per hour UAW Members in Milwaukee. Mike Cira watches over an automated machine at a Master Lock manufacturing plant in Milwaukee, Wisconsin, U.S. on Tuesday, Jan. 10, 2012.
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