Expert Says Manufacturing Employers Are Cutting Back Compensation And Benefits

David Andrea, Vice President of Industry Analysis and Economics at the Motor and Equipment Manufacturers Association, says in a Senate Banking, Housing and Urban Affairs Committee hearing Friday that many manufacturing companies are making major cutbacks in employee compensation and benefits. (0:30)
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Jobs Will Go Overseas Without Increased Capital For Manufactures

Robert Kiener, Director of Member Outreach at the Precision Machined Products Association, says in a Senate Banking, Housing and Urban Affairs Committee hearing Friday that if manufacturers can not acquire the capital they need for employees, equipment and raw materials due to the credit crisis, consumers will be forced to outsource from overseas. (0:30)


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Ohio Democrat: Get Credit Flowing To Manufacturers

Senator Sherrod Brown (D-Ohio) says in a Senate Banking, Housing and Urban Affairs Committee hearing Friday that compromised access to credit is a huge threat and could cause manufacturers to go out of business (0:31)
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