Jobs fears as engineer moves to India (ThisisLondon)

UK is just now getting used to call-center and bank-office jobs moving to India but the announcement by one of the UK's leading precision engineers, Hampson Industries, to move key manufacturing operations to Bangalore has sent shockwaves through the work-force.

Hampson makes high-precision parts for the turbochargers needed by DaimlerChrysler, BMW and Ford as well as aerospace parts for Rolls-Royce and Airbus. Hampson says that the move is at the behest of Rolls-Royce.

The bigger import of this news is that companies are setting up manufacturing plants in India. That is good news!