Austin Local News
National Instruments to move some manufacturing jobs out of Austin
http://www.bizjournals.com/austin/ A major tech firm says they're moving jobs out of Austin. National Instruments says they'll move 100 manufacturing jobs out of Austin over the next 18 months. According to an announcement sent to the Austin Business Journal, it will move the jobs to Malasia and Hungary which are already manufacturing 90 percent of their current production and have the ability to support a significant increase in revenue. National Instruments canceled it's economic incentive deal it signed with the city last year that would have created a thousand jobs over the next ten years. It was founded in Austin in 1976 and develops tools for engineers and scientists and are used in a variety of products from smart phones to electric cars.