Wilbur Ross, Donald Trump's secretary of commerce nominee, has offshored 2,700 jobs since 2004

Wilbur Ross, the billionaire "king of bankruptcy," offshored thousands of jobs in just over a decade

By Matthew Rozsa

Staff Writer

Published January 17, 2017 6:16PM (EST)

 (AP Photo/Evan Vucci)
(AP Photo/Evan Vucci)

President-elect Donald Trump may like to tout his opposition to offshoring jobs on Twitter, but his choice of secretary of commerce conflicts with that agenda.

Companies controlled by Wilbur Ross, a billionaire known as "the king of bankruptcy" for buying struggling businesses and turning them around into profitability, cut roughly 2,700 jobs since 2004 by shipping their production into other countries, according to data obtained by Reuters under a Freedom of Information Act request on Tuesday. These included textile, finance, and auto-parts companies.

While this background isn't necessarily surprising for a Republican political appointment — 2012 Republican presidential nominee Mitt Romney came under fire for investing in companies that shipped jobs overseas — it calls into question Trump's commitment to keeping American jobs in this country. Trump has repeatedly tried to take credit for saving jobs by either inflating the numbers or flat-out lying about his own efforts.

And, of course, he has also taken to a great deal of tough talk on Twitter.

It remains to be seen whether Trump's rhetoric or Ross's business background will prevail in determining whether American jobs are actually kept in America.

By Matthew Rozsa

Matthew Rozsa is a staff writer at Salon. He received a Master's Degree in History from Rutgers-Newark in 2012 and was awarded a science journalism fellowship from the Metcalf Institute in 2022.

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Donald Trump Offshoring Jobs Wilbur Ross