1. Hiring Hall.
- Author
-
Flannery, Russell
- Subjects
ENGINEERING ,ENGINEERS ,INTERNATIONAL business enterprises ,DEVELOPING countries - Abstract
The article looks at the corporate growth of Emerson Electric as it spreads into the Asian market. When David Farr became the Asia-Pacific president of Emerson Electric in 1992, the region was barely on the radar back at headquarters in Saint Louis. Twelve years later Farr is pushing the company ever more into emerging markets, especially China. First Emerson created most new factory jobs overseas. Now new white-collar hiring is shifting, too--jobs for engineers and product designers. Today about 2,000 of Emerson's 7,000 engineers work outside the U.S. and western Europe. China has lured 400 multinational companies, including Emerson, to set up research and development centers. As the world's workshops gravitate to the emerging countries, the engineering shift away from the U.S is likely to gain momentum.
- Published
- 2004