Caterpillar likes to play hardball -- so letís play hardball
Recession-ravaged London, Ont., neednít lose its status as one of the worldís leading locomotive manufacturing centres.
Yes, that is the plan revealed Friday by U.S.-based Caterpillar Inc., owner of Londonís 90-year-old Electro-Motive Diesel Inc. (EMD). Caterpillar has abruptly shut down the firm just 18 months after buying it. Cat is poised to ship EMDís specialized equipment and technology ó intellectual property developed in London over several generations ó to low-wage jurisdictions outside Canada.
Naturally, Caterpillar presents this outrage as a fait accompli.
Already there are calls for a government inquiry to determine how such industrial rape can be prevented in future. A good idea. But we also should and can quash Catís plans for EMD.