Press Releases
October 24, 2012
REV. JESSE JACKSON SR. CONTINUES SOLIDARITY WITH
OUTSOURCED SENSATA WORKERS IN FREEPORT ILLINOIS
Will Return for Rally at 12:00 Noon
Chicago Il (October 24, 2012)—Rev Jesse Jackson, Sr. returns to Freeport Illinois,
on Wednesday October 24, 2012 for a rally and to stand in solidarity with Sensata
Technologies Plant workers whose jobs are being outsourced to China. Terminations
began on Friday and will continue through the end of the year. The loss of 170 jobs at
the Freeport plant will result in the loss of $7.7 million in wages that feed the local
economy according to Stephenson County Chairman John Blum.
Sensata Technologies, which was created by Bain Capital in 2006, develops
manufactures and sells sensors and controls for major auto manufacturers such as Ford
and General Motors. Having already shuttered two of its three manufacturing sites in the
USA, the company is in the process of outsourcing 170 well-paying jobs to China from
the remaining plant in Freeport despite record profits.
While at Bain, Republican presidential candidate Mitt Romney pioneered the business
model that today is costing Sensata workers their jobs. And he is still financially tied to
Sensata. Thanks to his retirement agreement with Bain, Romney owns close to $8
million in Bain funds that together hold 51 percent of the company’s shares--a
controlling financial stake. As a result, Romney not only profits directly from Sensata but
also stands to profit from the outsourcing of the Sensata workers’ jobs. Adding insult to
injury, Romney secured a major tax deduction by transferring $170,000 worth of
Sensata stock to one of the charities he runs.
Schedule
WHO: Rev. Jesse L. Jackson, Sr., Freeport Mayor George Gaulrapp, the
Sensata plant workers, and the Rainbow PUSH Coalition staff
WHAT: Solidarity Rally March
WHEN: 12:00 p.m., Wednesday, October 24, 2012HERE: Bainport, the workers’ encampment directly across from the Sensata
Plant:
Sensata Technologies
2520 Walnut Ave
Freeport, IL 61032
“Use your vote, your voice, for our victory and “VOTE EARLY”.
Join Rainbow PUSH Coalition---“Keeping Hope Alive”
We urge everyone to register to vote today. If you do not know the rules for your state
go to 866ourvote.com or call 1-866-OUR-VOTE (1-866-687-8683).
REV. JESSE JACKSON SR. CONTINUES SOLIDARITY WITH
OUTSOURCED SENSATA WORKERS IN FREEPORT ILLINOIS
Will Return for Rally at 12:00 Noon
Chicago Il (October 24, 2012)—Rev Jesse Jackson, Sr. returns to Freeport Illinois,
on Wednesday October 24, 2012 for a rally and to stand in solidarity with Sensata
Technologies Plant workers whose jobs are being outsourced to China. Terminations
began on Friday and will continue through the end of the year. The loss of 170 jobs at
the Freeport plant will result in the loss of $7.7 million in wages that feed the local
economy according to Stephenson County Chairman John Blum.
Sensata Technologies, which was created by Bain Capital in 2006, develops
manufactures and sells sensors and controls for major auto manufacturers such as Ford
and General Motors. Having already shuttered two of its three manufacturing sites in the
USA, the company is in the process of outsourcing 170 well-paying jobs to China from
the remaining plant in Freeport despite record profits.
While at Bain, Republican presidential candidate Mitt Romney pioneered the business
model that today is costing Sensata workers their jobs. And he is still financially tied to
Sensata. Thanks to his retirement agreement with Bain, Romney owns close to $8
million in Bain funds that together hold 51 percent of the company’s shares--a
controlling financial stake. As a result, Romney not only profits directly from Sensata but
also stands to profit from the outsourcing of the Sensata workers’ jobs. Adding insult to
injury, Romney secured a major tax deduction by transferring $170,000 worth of
Sensata stock to one of the charities he runs.
Schedule
WHO: Rev. Jesse L. Jackson, Sr., Freeport Mayor George Gaulrapp, the
Sensata plant workers, and the Rainbow PUSH Coalition staff
WHAT: Solidarity Rally March
WHEN: 12:00 p.m., Wednesday, October 24, 2012HERE: Bainport, the workers’ encampment directly across from the Sensata
Plant:
Sensata Technologies
2520 Walnut Ave
Freeport, IL 61032
“Use your vote, your voice, for our victory and “VOTE EARLY”.
Join Rainbow PUSH Coalition---“Keeping Hope Alive”
We urge everyone to register to vote today. If you do not know the rules for your state
go to 866ourvote.com or call 1-866-OUR-VOTE (1-866-687-8683).