I've just read this on bicycling.com
Will this have an affect on whether you'd buy one or not?
Major Cuts at Cannondale
Parent company Dorel will cut jobs and outsource manufacturing responsibilities to Taiwan, saving $4 million annually.
Compiled by Katie Ginda
Dorel Industries--the parent company of bicycle manufacturers Cannondale, Schwinn, GT and Mongoose--announced today in a press release its plans to cut its Pennsylvania factory workforce by two-thirds and altogether cease U.S. frame manufacturing, outsourcing responsibilities to Taiwan, by 2010. The changes were announced as part of a company-wide restructuring scheme, which aims to establish five "Centers of Excellence" around the world. Its global headquarters and innovation center will be located in Bethel, Conn.; its European complement in Basel, Switzerland; its footwear and apparel center in Vancouver, British Columbia; its center for global mass market products in Madison, Wisc.; and its manufacturing center in Taichung, Taiwan. In addition to these five centers, Dorel plans to establish a bicycle-testing laboratory in Bedford, Penn., the current location of its manufacturing plant. Dorel plans for the Bedford location to cease bicycle frame manufacturing and reduce from about 300 to 100 employees by 2010. Instead, the Pennsylvania location will focus on final bicycle assembly, testing and quality control, bicycle warranty repair and customer service, while Taichung will assume responsibility for manufacturing oversight, sourcing, testing and quality control. The total cost of the reorganization is expected to be $4.5 million, but after the changes are implemented, Dorel expects to save an annual $4 million.
