Posts Tagged ‘Caterpillar’
Why jobs leave this country…or return
On Friday, Caterpillar announced the closing of a locomotive plant in Ontario, Canada. The plant had been the site of a weeks long lockout over wages and benefits. To remain competitive with the likes of General Electric, Caterpillar wanted concessions, but the Canadian Auto Workers union refused.
Read MoreAwkward!
Uh Oh … remember when President Obama touted his stimulus package as a job saver He even traveled to East Peoria to make Caterpillar the poster child of saved or retained jobs … remember? httpv://www.youtube.com/watch?v=SEHnc88OH6M Now we get this from Reuters … Caterpillar Inc, the world’s largest maker of construction and mining equipment, notified an additional…
Read MoreThe Caterpillar Flap Continues
It began with a statement by Obama yesterday, when he told reporters that the CEO of Caterpillar would hire back laid off workers as soon as the stimulus passed … and followed with a statement by the CEO of Caterpillar that … well no … he still would likely have to layoff more people. It’s…
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