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Originally posted by Vitchilo
Of course it's submit or you lose your job!
Caterpillar Inc. Locks 500 Workers out of Plant
About 500 locomotive workers were locked out of a Caterpillar plant in Canada Monday after refusing to accept pay cuts of more than 50 percent, union officials said.
The workers at Electro-Motive Diesel in London, Ontario, are members of the Canadian Auto Workers Union, who were given an ultimatum to accept a reduction from $35 to $16.50 per hour, as well as a cut in benefits, the QMI Agency reported.
But but but profits!
The union has stated it wouldn't accept cuts of any kind and says Caterpillar is posting record profits, the report said.
The Canadian government should ban Caterpillar from doing any business in Canada if they are allowed to pull that crap. Enough with sending jobs overseas to Chinese slaves to make profits rise. It's bad for us and bad for the Chinese.edit on 3-1-2012 by Vitchilo because: (no reason given)
Union officials said Caterpillar's latest proposal would halve wages and reduce benefits. Tim Carrie, president of the CAW's local branch, said the cut would reduce hourly pay to 16.50 Canadian dollars (US$16.16) for most workers from C$34.
Caterpillar declined to provide details of its offer but said wages and benefits at the Canadian plant are twice those of workers represented by the UAW at Electro-Motive's LaGrange plant. Under the most recent contract, Caterpillar said, the plant wasn't "sufficiently flexible and cost-competitive in the global marketplace."
In October, Caterpillar opened a locomotive-production plant in Muncie, Ind., prompting fears among its Ontario workers that the company would shift all or most production to Muncie. A Caterpillar spokesman declined to comment on production plans at the London, Ontario, plant.
Originally posted by DJM8507
Capitalism innovates to maximize the efficiency of profit.
There are no other considerations.
question, did the ceo cut his salary by half?
Originally posted by badboybazza
half a loaf of bread is better than no loaf of bread my friend!