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Right to Work South Carolina is Flooded in Jobs

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Another big company, this time BMW, has announced it will be bringing more new jobs to South Carolina. The state’s business friendly, right to work status has been successful in attracting major manufacturers like Boeing, and now BMW, which already has a large plant in the state, will expand. BMW plans to invest $600 million in its South Carolina plant. CNBC reports:

The German automaker said Monday it will add another 1,000 jobs and invest $600 million in the plant as part of a plan to boost annual production to as many 450,000 vehicles.

“It’s a great day for us here in Spartanburg and South Carolina and for the BMW group,” said Harald Krueger, chairman of BMW. “The workforce will be well above 10,000 people, which is, in my view, clearly a symbol of success.”

BMW’s facility in Spartanburg is already the company’s largest final assembly plant in the world, employing more than 9,000 workers and building more than 411,000 SUVs and crossovers last year….

While BMW’s investment and plan to hire more workers in South Carolina will be welcomed by President Donald Trump, the move comes just months after the president blasted German automakers as part of a broader complaint about Germany’s trade surplus with the U.S.

“You can build cars in the United States, but for every car that comes to the USA, you will pay a 35 percent tax,” Trump told the German newspaper Bild earlier this year.

Read more here.

BMW USA Factory Tour

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E.J. Smith - Your Survival Guy

E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. His focus at all times is on preparing clients and readers for “Times Like These.” E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998. E.J. has trained at Sig Sauer Academy in Epping, NH. His first drum set was a 5-piece Slingerland with Zildjians. He grew-up worshiping Neil Peart (RIP) of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West (RIP JB) and Paris. Please get in touch with E.J. at ejsmith@yoursurvivalguy.com To sign up for my free monthly Survive & Thrive letter, click here.
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