Commerce Secretary Nominee Wilbur Ross Oversaw Companies That Sent Thousands Of Jobs Overseas

Wilbur Ross, President-elect Donald Trump's commerce secretary nominee, has had a hand in sending an estimated 2,700 jobs overseas since 2004, Reuters reported Tuesday, citing previously unreported Labor Department data. When the billionaire was working as an investor, buying struggling companies and pulling them back from the brink of failure, some of the textile, auto-parts, and finance businesses he controlled resorted to shipping production abroad. In the big scheme of things, those 2,700 jobs "amount to a small fraction of the U.S.

 

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