"Caterpillar took the (Harper) tax cut, locked out its London workers, then shut the plant altogether to export their jobs"
"Caterpillar took the tax cut, locked out its London workers, then shut the plant altogether to export their jobs to the US. Shame. To London's Caterpillar workers: I visited you in January with my solidarity and you still have it today. Don't give up the fight!"
"Eight days ago, Caterpillar reported record annual profit of $4.9-billion (U.S.), an 83-per-cent increase from $2.7-billion in 2010. That came from record sales of $60.1-billion for one of the signature companies of Corporate America.
Those kinds of increases had not been seen since the post-Second World War boom days of Harry Truman’s presidency from 1945 to 1952, Caterpillar’s investor relations director Mike DeWalt told investors on a conference call last week."
-Globe & Mail
MUNCIE, Ind.—"Bulldozing its way through a high-profile dispute over wages, Caterpillar Inc. said Friday it will close a 62-year-old plant in London, Ontario, that makes railroad locomotives, eliminating about 450 manufacturing jobs that mostly paid twice the rate of a U.S. counterpart.
Caterpillar's decision, ending a standoff with locked-out workers huddled around barrels of burning scrap wood outside the London factory gates, may benefit another downtrodden manufacturing city: Muncie, Ind., where Caterpillar last year opened a locomotive plant and where it is trying to fill jobs at about half the pay workers in Ontario received."
-Wall Street Journal.com