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Investing

Obama’s Plan to Return Manufacturing Jobs to the US (FBHS)

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By Paul Ausick Published

Later today President Obama will visit a Fortune Brands & Home Security Inc. (NYSE: FBHS) Master Lock plant in Milwaukee that to press his plans to return manufacturing jobs to the US. The president’s so-called “in-sourcing” initiatives are a focal point of his re-election campaign.

The president and CEO of Master Lock noted what his company has done and what it would like to continue to do:

Advantages of moving the jobs to Milwaukee include a more competitive overall cost structure, greater control and the ability to provide better service to customers – in addition to the overall economic benefit to the company’s home state of Wisconsin. … Master Lock would like to bring more jobs back from overseas should the underlying economics support the move.

The Master Lock plant is running at full capacity for the first time in 15 years.

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Photo of Paul Ausick
About the Author Paul Ausick →

Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.

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