NEWS-05
American jobs to China, but it turns out that`s a two-way street.>
Moraine, Ohio. A billionaire has, indeed, brought jobs back to this part of
the Rust Belt.>
SCOTT PELLEY: Donald Trump was elected in part by promising to stop the flow of American jobs to China, but it turns out that`s a two-way street as Jim Axelrod found.
(Begin VT)
JIM AXELROD (CBS News Senior National Correspondent): The factory floor is bustling again at this manufacturing plant in Moraine, Ohio. A billionaire has, indeed, brought jobs back to this part of the Rust Belt.
PRESIDENT-ELECT DONALD TRUMP: We`ll stop the jobs from leaving Ohio and from leaving America.
JIM AXELROD: No, not that billionaire.
(Cho Tak Wong speaking foreign language)
JIM AXELROD: This one.
Mister Cho, how many jobs do you expect to create in Ohio?
(Cho Tak Wong speaking foreign language)
JIM AXELROD: Three thousand. Not hundreds, thousands.
CHO TAK WONG: Right.
WOMAN: And for all the computer stuff on it--
JIM AXELROD: Chinese billionaire Cho Tak Wong bought this former GM plant which shut its doors in 2008, costing the area one thousand jobs and turned it into a state-of-the-art auto glass factory. Today the Ohio plant is part of Cho`s global Fuyao Glass empire helping to produce twenty-three percent of the world`s car windows.
JIM REID: When I walked into it two years ago it was dark, dirty. It had been uninhabited for quite a few years.
JIM AXELROD: Jim Reid, a supervisor, voted for Donald Trump who made the Chinese a target during his campaign.
PRESIDENT-ELECT DONALD TRUMP: We can`t continue to allow China to rape our country, and that`s what they are doing.
JIM AXELROD: What do you make of the idea that the guy bringing hundreds, thousands of jobs to this part of Ohio is Chinese?
JIM REID: I`ll be honest I struggled with it a bit when I made the decision. But--
JIM AXELROD: Why?
JIM REID: Just because of what I`ve been, kind of, led to believe.
PRESIDENT-ELECT DONALD TRUMP: It`s the greatest theft in the history of the world.
JIM AXELROD: But Mister Cho seems untroubled by the criticism.
(Cho Tak Wong speaking foreign language)
JIM AXELROD: He told us, "That was just campaign talk. Now that Trump is the President-elect, things will be different."
(Cho Tak Wong speaking foreign language)
JIM AXELROD: Are you making America great again?
(Cho Tak Wong speaking foreign language)
JIM AXELROD: What would your message be to Donald Trump about Chinese businessmen in the United States?
JIM REID: Give them a try.
(End VT)
JIM AXELROD: Ten percent of the jobs at this plant are held by Chinese employees. As for wages, Fuyao jobs average twenty-one dollars an hour. Compare that to the old GM jobs there that paid thirty dollars an hour. But, Scott, but Mister Cho told us he is looking to raise the pay scale considerably.
(End VT)
SCOTT PELLEY: Jim Axelrod for us tonight. Jim, thank you.
Coming up next, an extraordinary gathering of talent at the White House.
(ANNOUNCEMENTS)END
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