Saturday 20 October 2007

Spirited Offshoring

We read today that Bob Silver, owner of Western Glove Works, co-chair of the Premier's Economic Advisory Council and co-mastermind behind the Spirited Energy Campaign, is moving the last of his Winnipeg garment production to some unspecified country in Asia. The Free Press, also co-owned by Bob Silver by the way, paints Bob as an inevitable victim of the the rise of the Cdn $ and the elimination of import quotas, saying that most everybody "knew the writing was on the wall."


Over the last three to five years I have tried everything I could think of to justify continuation of production... But it is just no longer possible.

Never mind that three to five years ago, the exchange rate was between $0.63 and $0.77 US.

I understand the implications of exchange rate changes, and I'm not saying that Western Glove Works should forgo profitability because it's owner is on a high profile government economic advisory committee, but I can't help but notice the irony that Mr. Spirited Energy is giving up on trying to compete in our province.

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