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Author Topic: CAT buys manufacturing company in Canada... [Locked]
BubbleDude  2 stars
Title: Perma-N00b
Posts: 488
Registered: 2003-2-27 21:04:24
... acquiring all of its IP, then proceeds to shut down the plant, kick 450 workers out of their jobs, and open a plant in Brazil.

http://www.nytimes.com/2012/02/04/business/caterpillar-to-shut-canadian-plant.html?_r=1

Paulg is masturbating right now.

 

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__Bonk__  5 stars
Posts: 5,122
Registered: 2009-7-25 03:04:52
Good news for Brazil

 

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Aerlinthian  4 stars
Posts: 2,126
Registered: 2001-5-7 23:53:38
Makes sense, Brazil is a much more vibrant economy. And if you come up with a non NYT link I'll bother myself to read the story. The less clicks that propagandist war mongering rag gets, the better.
Tych2  4 stars
Title: Obama Appointed Outpost Czar
Posts: 2,511
Registered: 2005-3-1 06:56:47

 

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Kapie
Drevid in Tanks
Kjarhall  3 stars
Title: The Pungent One
Posts: 915
Registered: 2002-3-1 15:47:21
A random talking head on youtube is much more relevant!

 

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Bonzoboy1  3 stars
Posts: 885
Registered: 2008-8-1 18:04:29
Does it matter which foreigner gets the job Americans should have?

 

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Elkad  2 stars
Title: aka Ebenezer
Posts: 407
Registered: 2003-9-11 22:20:55
Go CAT. Stupid unions need to learn when to back down.

 

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BubbleDude  2 stars
Title: Perma-N00b
Posts: 488
Registered: 2003-2-27 21:04:24
Elkad posted:

Stupid unions need to learn when to back down.



CAT had no intention of keeping the plant open. They only bought it for the patents.

 

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Fat_wong  2 stars
Posts: 293
Registered: 2007-2-6 07:59:17
Elkad posted:

Go CAT. Stupid unions need to learn when to back down.



im pretty anti union.


but in no way shape or form should that union have accepted a 50% wage cut.
Elkad  2 stars
Title: aka Ebenezer
Posts: 407
Registered: 2003-9-11 22:20:55
Why not? How much were they making (including the benefit package) without the cut?

Edit: found it elsewhere. Wanted to drop workers to 16.50/hr.

That sounds perfectly reasonable for a job a monkey could probably do. Especially considering they are probably getting another $25/hr in benefits.

 

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