Master Lock gets mentioned from President Obama during speech
MILWAUKEE- Master Lock says the Milwaukee company would like to bring more jobs back from overseas if economic conditions support the move.
President Obama highlighted Master Lock in his State of the Union address Tuesday night for moving jobs back to the U.S. from China. The padlock and security products manufacturer has returned about 100 union jobs to its Milwaukee factory since mid-2010.
Master Lock CEO John Heppner recently participated in a White House forum aimed at "insourcing" jobs from overseas. Heppner says the plant in Milwaukee is running at capacity for the first time in 15 years.
The company says the decision to bring the jobs back to Milwaukee was partially motivated by increasingly higher labor and logistics costs in Asia and ongoing labor challenges in the coastal areas of China.