Word: laboral
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...with transportation costs continuing to plummet and markets becoming freer, there are many more places for companies to set up shop, and traditional advantages such as cheap labor or a lack of tariffs mean less and less in many industries. Multinationals are increasingly opening major operations in second- and third-tier cities - GlaxoSmithKline in Posnan, Poland, Google in Belo Horizonte, Brazil - places that plenty of people have never even heard of. "Companies are adopting an all-shore strategy," says Dennis Donovan, principal of Wadley Donovan Gutshaw Consulting, which helps companies decide where to locate...
...with making memory cards. "By having it all in close proximity, it reduces overhead costs," says Sandisk president and COO Sanjay Mehrotra, "and that's the name of the game, to be able to produce product at the lowest possible cost." (Notice that had nothing to do with cheap labor...
...workforce. "If we're hearing a mantra today, it's workforce - finding the qualified people," says Rob DeRocker, executive vice president of Development Counsellors International, a firm that helps regions position themselves. The global chase for talent is just as true for manufacturing workers - you have to find skilled labor if all your machines are computer-controlled - as it is for PhD scientists...
...Relations Minister since 2007 The son of an Armenian immigrant, Hockey has been salesman for the contentious Work Choices legislation since rising to the portfolio this year. The jolliest of Howard's ministers, who once parodied himself publicly as the cartoon ogre Shrek, Hockey has promised to resign if Labor predictions of further changes to industrial relations laws under a Howard government prove correct...
...After demoralizing defeats under Kim Beazley and Mark Latham, Labor is hoping Kevin Rudd, the former diplomat from Queensland, can end its 11-year power drought. If he does, these are the faces Australians will be seeing a lot more...