A staggering truth is that between October 2000 and May 2001 more than 80 US multinational corporations announced the shifting of their production centers to China. The result was the loss of 35,000 manufacturing jobs in the US. [Ben Vickery].

             Carrier Corporation, the worlds leading air conditioner manufacturer found the relocation of its manufacturing plants in Syracuse to China and Singapore irresistible even though the state offered $210 million dollars as incentive package. Companies also justify their relocation citing their extended customer base. In 2002, IBM Corporation sold its hard disk manufacturing unit to Japanese based Hitachi laying off more than 1500 employers. This was followed by the sale of more than 80% of its PC business to Chinese based Lenovo Corporation again resulting in huge loss of local manufacturing jobs. Though, the PC giant enjoying more than 5% of the worldwide PC market, has transferred more than 10,000 of its employees to the new manufacturing location in China, the 1.75 billion deal, marked the end of a saga of its manufacturing presence within the United States. [Associated Press]. It is also a plain fact that more and more of manufacturing jobs in the textile and food processing industries are moving towards Mexico, China or India. Cornell university researchers Kate Bronfenbrenner and Stephanie Luce have confirmed the steady outward movement of high end manufacturing jobs to offshore locations in developing countries. Every year, Mexico gains more than 1,40,000 manufacturing jobs as more and more US companies are attracted by the cheap labor costs, which as statistics from the US department of Labor indicate, is less than 2.5$ per hour. [Clyde Weiss] Motorola is another successful American company planning to invest in new production plants in foreign locations. With the mobile market slated to grow more and more in the Asian region, the company decided to build a comprehensive manufacturing base in India.