Skip to comments.Caterpillar straying from Illinois
Posted on 06/15/2009 3:26:51 PM PDT by Oldeconomybuyer
Caterpillar Inc. is emptying out its Illinois factories at the fastest rate in a quarter-century as it copes with a wrenching drop in global demand by accelerating a shift to producing equipment in lower-cost locales. After the latest cutbacks, which have been playing out in recent weeks, the number of United Auto Workers members on the job at Caterpillar's factory near Aurora is expected to be down by nearly half, to about 1,100, says Local 145 President Mark Patton. Plants in Pontiac and Decatur are expected to see equal drops, union leaders estimate. And at plants in the company's hometown of Peoria, union employment will be down by a third to 4,400.
Another 600 workers in Decatur could lose their jobs building road graders when Caterpillar opens a plant in North Little Rock, Ark., later this year, and Peoria could lose as many as 800 jobs to a new engine-assembly plant near San Antonio.
The impact will be devastating in those Illinois communities, where the big-rig maker is one of the few major employers. Unemployment in Pontiac and Decatur is approaching 11%, compared with 9.3% statewide.
(Excerpt) Read more at chicagobusiness.com ...
Office of the Press Secretary
For Immediate Release February 11, 2009
Below is a statement from President Obama:
"I want to thank the Democrats and Republicans in Congress who came together around a hard-fought compromise that will save or create more than 3.5 million jobs and get our economy back on track. Just today, the CEO of Caterpillar said that if this American Recovery and Reinvestment Plan is passed, his company would be able to rehire some of the employees theyve been forced to lay off", said President Obama.
but, but, but, he said, he said......
More UAW scum destroying American companies.
Buh....buh....butttttt....I thought Cat ‘liked’ Zer0’s new policies...hell, don’t they now make a ‘green’ Cattie? You know one that runs on cooking oil, diesel, ethanol....bullshit?????
Just passing along what I was told. Take it for what it's worth.
♫ Look for the union label,
on every closed plant that’s covered with weeds. ♫
Back in the mists of time do I remember something about saving Catapillar jobs, or was I dreaming?
Something about Hope/change? Wonder how it is working out?
Oh come on, everyone knows unions save jobs. Heh heh heh...
Come to Texas, or China or Mexico
As I read the article I don;t see jobs disappearing, I see jobs moving from IL to TX ...
I was laid off last month so I need to know.
I will be pissed off if Obama gets credit because I find another Job!
Oh no! Does this mean that Imam Obama li, li, lied to America?
Looks like Imam Obama is failing again.
What will they use to knock down Flint, MI?
OCC--Paulie Tuetel Sr./Jr. and gang built this beauty for Caterpillar Co. Delivered it to their NC plant! They love Sarah Palin too and visited her in Alaska for one show.
You wanted change...change you’re getting...
Interestingly CAT has a non-union engine plant here in Indiana. GM in the 1970s foolishly signed an agreement that all US plants would be unionized, so even their newer ones in right to work states are UAW.
CAT uses their non-union plants as leverage.
While GM was killed by the non-union transplants, CAT has done very well vs. Japan and Korea brands.
It doesn’t seem so long ago that Caterpillar was shifting jobs out of Mentor, Ohio to Illinois for the very same reason.
How’s that favorite son of Chicago politics in the WH working out fer ya there ILLinois? ILL and annoyed?
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