Not quite. They are moving the company to Bermuda and Barbados in name only.
It's a scam so that they don't have to pay their fair share of taxes.
It sucks and I for one will never buy another Stanley tool.
http://www.nytimes.com/2002/05/09/business/09CND-STAN.html
Try the above link if you want more info on the deal.
Larry Miller
----- Original Message -----
From "Wm. Severin Thompson" <wsthompson at thicko.com>
To: <spridgets@autox.team.net>
Sent: Thursday, May 09, 2002 11:53 AM
Subject: Hey Frank
> This just in...
>
> Stanley Tools, made in USA, just announced movement of all tool
maufacturing
> to Bermuda...
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