Posted By: Teresa | NwoReport
(Natural News) The United States managed to become the world’s foremost superpower on the strength of its people and its monumental manufacturing capabilities, which literally won two world wars.
But after a few decades of systematic dismantling by the Marxist deep state, with help from greedy, short-sighted politicians looking to make money off America’s decline, today’s manufacturing capacity is a shell of what it was in the 1940s and 1950s.
And today, that decline continues, as evidenced by the closure of a major steel foundry in Portland, Ore.
As reported by Oregon Live, the foundry has been in steady operation for 121 years and now it will close, laying off all of its skilled workers without a replacement plant even being planned much less being built.
The outlet noted:
Columbia Steel Casting Co., a Portland metal casting company that dates back more than a century, told state regulators Wednesday it plans to shut down operations at its North Portland foundry and lay off most of its workforce.
The company said 225 employees, many represented by two different unions, would be laid off beginning in October. The filing indicated the closure would be permanent. A letter to employees indicated that the company had sought a buyer to take over the foundry and maintain operations, but those efforts had failed so far.
CEO Martha Cox told employees that the company had faced fierce competition from overseas competitors, some of them subsidized by their governments. Cox said state and local environmental regulations had also put the company at a disadvantage to those competitors.