Economy
Defiance's economy is based on manufacturing a variety of products. The largest employer is the General Motors Powertrain division, which is the largest automotive iron foundry in North America. In the wake of General Motors filing for Chapter 11 bankruptcy on June 1, 2009, GM announced that it will continue operating the Defiance facility, thus sparing Defiance the hardship that closing the facility would bring.
Other manufactures include fiberglass (Johns Manville), auto parts, and farming food products.
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Famous quotes containing the word economy:
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)
“The aim of the laborer should be, not to get his living, to get “a good job,” but to perform well a certain work; and, even in a pecuniary sense, it would be economy for a town to pay its laborers so well that they would not feel that they were working for low ends, as for a livelihood merely, but for scientific, or even moral ends. Do not hire a man who does your work for money, but him who does it for love of it.”
—Henry David Thoreau (1817–1862)
“The counting-room maxims liberally expounded are laws of the Universe. The merchant’s economy is a coarse symbol of the soul’s economy. It is, to spend for power, and not for pleasure.”
—Ralph Waldo Emerson (1803–1882)