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Mon Feb 6, 2012, 09:38 AM

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.

http://www.thestar.com/business/article/1126643--olive-capitalism-s-ugly-face-in-london-ont?bn=1

Well?

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Reply Caterpillar likes to play hardball -- so letís play hardball (Original post)
CHIMO Feb 2012 OP
xchrom Feb 2012 #1
snagglepuss Feb 2012 #2

Response to CHIMO (Original post)

Mon Feb 6, 2012, 09:41 AM

1. Du rec. Nt

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Response to CHIMO (Original post)

Mon Feb 6, 2012, 11:35 AM

2. TO READ LATER

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