tmurph2
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Re: Caterpillar overhaul will cost 500 jobs
"johnny@." <johnny@.> wrote in message news:<5D9sd.38527$Ch2.21899@bignews5.bellsouth.net>...
> Friday, December 03, 2004
>
>
> Date: Friday, December 03, 2004 2:08:58 PM EST
>
> PEORIA, Ill., Dec. 3 (UPI) -- Caterpillar says a $40 million
> restructuring plan at its Mapleton, Ill., foundry will result in the
> loss of more than 500 jobs.
>
> Those jobs, about 560 hourly, union-represented positions, will be
> outsourced to a joint venture Caterpillar plans to form with a
> Mexico-based company, a fact that rankles the United Auto Workers union,
> the Peoria (Ill.) Journal said Friday.
>
> The jobs will be relocated to a foundry that will be built in northern
> Mexico if the joint venture is approved by the directors of Caterpillar
> and Grupo Industrial Saltillo, which would be the majority owner of the
> joint venture.
>
> That would leave about 200 positions, including salaried and management,
> at Mapleton, a spokesman said.
>
> Without the joint venture, the spokesman said, the Mapleton plant might
> have to close.
>
> http://www.menafn.com/qn_news_story...y2f0zxjWAwXSyxi
These jobs will be lost not because Cat is losing money or even doing
poorly. These jobs are going south due to plain old GREED. Cat is
doing great but no amount of profit is ever enough. So screw the
people who made Cat a rich company. Just move south to a place where
workers are afraid to speak up,afraid to go home at the end of a hard
day. Go someplace where workers can be replaced if they get hurt with
no workers comp.
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