Martins Textile - 782 Words

MARTIN’S TEXTILES Summary: This case is about the dilemma facing by John Martin, the CEO of Martin Textiles, a New York based textiles company. On August 2, 1992, which the day that the U.S., Canada, and Mexico agreed in principle to the North American Free Trade Agreement (NAFTA). Martin Textiles is a family business over four generation, which was started by Johns great-grandfather in 1910. Today, the company employs 1,500 people in three New York facilities. Johns dilemma, which is particularly troublesome to him because he feels a sense of loyalty to his companys longtime employees, is this. NAFTA will remove all tariffs on the trade of textiles between the U.S., Canada, and Mexico within 10 years. Textiles manufacturing is a†¦show more content†¦The bonus will attract the labours to work harder and increase their effort to compete each others where it makes the production of the company growing up. While in United States, to those who already worked with the company in long period, I will asked them to choose either want to work in Mexico or United States. If they choose to work in United States, then they would be in the position of design function and other management duty, not in the production anymore. Besides, as a token of appreciation from the company, those who have worked for long period with the company will be given aShow MoreRelatedMartins Textiles1780 Words   |  8 PagesCase #1- Martin’s Textiles The survival of Martin’s Textiles is very much in doubt with the enactment of the North American Free Trade Agreement (NAFTA), which would not only eliminate tariffs but also allow an increase in the quota for Canada and Mexico to ship textiles to the United States. Compounding the issue, Martin’s Textiles has been registering small losses the past several years and is in danger of losing major customers. Therefore, John Martin, CEO of Martin’s Textiles, has to decideRead MoreCase Study Martin Textile Starbuck1000 Words   |  4 Pagescorporations have toward the country in which they operate? To their country of origin? CASE STUDY 1 MARTIN TEXTILES Question 1 Economic cost The production cost that is labour cost if Martin Textile shift its production to Mexico will be reduced to less than USD2 per hour as compared to wage rate paid to its unionised New York plant(USD12.50 per hour) and non unionised textile plant in southeastern US(USD8 to USD10 per hour). The production too will be able to avoid cost disadvantage thatRead MoreSpanish and English Exploration Essay1199 Words   |  5 Pagesconquering more of the New World, from northern Mexico to southern Chile. . Hernan Cortes began this with a march into Mexico after being convinced by the governor of Cuba that there was gold to be had belonging to the Aztecs. This also brought silver, textiles, and jewelry also came with the conquests. 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Under the plan, all tariffs between the three countries would be eliminated within the next 10 to 15 years, with most being cut in 5 years. What disturbed John most was the plans provision that all tariffs on trade of textiles among the three countries were to be removedRead MoreMartin Textile6254 Words   |  26 Pagesclosing Case Martins Textiles August 12, 1992, was a really bad day for John Martin. That was the day Canada, Mexico, and the United States announced an agreement in principle to form the North American Free Trade Agreement. Under the plan, all tariffs between the three countries would be eliminated within the next 10 to 15 years, with most being cut in 5 years. What disturbed John most was the plans provision that all tariffs on trade of textiles among the three countries were to be removed withinRead More The Market Revolution Essay1042 Words   |  5 Pagesto an industrial market system. After the War of 1812, the domestic marketplace changed due to the strong pressure of social and economic forces. Major innovations in transportation allowed the movement of information, people, and merchandise. Textile mills and factories became an important base for jobs, especially for women. There was also widespread economic growth during this time period (Roark, 260). The market revolution brought about economic gr owth through new modes of transportationRead MoreEssay on The Market Revolution1054 Words   |  5 Pagesto an industrial market system. After the War of 1812, the domestic marketplace changed due to the strong pressure of social and economic forces. Major innovations in transportation allowed the movement of information, people, and merchandise. Textile mills and factories became an important base for jobs, especially for women. There was also widespread economic growth during this time period (Roark, 260). The market revolution brought about economic growth through new modes of transportationRead MoreThe Shaping Of The Modern World Essay1407 Words   |  6 Pagesmass productions easier why were workers working longer shifts? ​ According to the Sadler Report of the House of Commons, an interview done by Esquire, Matthew Crabtree; an ex textile factory worker, gave an insight to things that was driving the capitalism economic market (Reily n.d.). Crabtree started working in the textile factory at age eight, he described this moment as distress. Factory owners would hire young children to work since they would not have to pay proper wages for the labor. From