Caterpillar closing tunnel-boring plant, 330 employees to lose jobs
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Yes, and the Auto Manufacturers charge 20% more to buy their cars here than in the USA.Canada has the HIGHEST labour cost in car manufacturing in the WORLD.
FAST
And the autocompanies don't have to pay huge health care bennefits in Canada either.
Just trying to dig up some dirt on CaterpillerWhy are you trying to derail this thread?
I am very sorry for the people who will lose their jobs.
The thing that I find amazing is that CAT just bought this very plant a few years ago, and now they are shutting it down. Makes no sense.
I would bet you that if a buyer for the plant came along, CAT would refuse to sell it. (I've seen that happen many times.)
I wonder if CAT manufactures tunnel boring equipment in the US or elsewhere? I bet they do and they just bought this plant to shut them down and kill the competition.
CAT is no friend to Canada obviously and I won't be buying their products any time soon unless I have to.
The thing that I find amazing is that CAT just bought this very plant a few years ago, and now they are shutting it down. Makes no sense.
I would bet you that if a buyer for the plant came along, CAT would refuse to sell it. (I've seen that happen many times.)
I wonder if CAT manufactures tunnel boring equipment in the US or elsewhere? I bet they do and they just bought this plant to shut them down and kill the competition.
CAT is no friend to Canada obviously and I won't be buying their products any time soon unless I have to.
I am very sorry for the people who will lose their jobs.
The thing that I find amazing is that CAT just bought this very plant a few years ago, and now they are shutting it down. Makes no sense.
I would bet you that if a buyer for the plant came along, CAT would refuse to sell it. (I've seen that happen many times.)
I wonder if CAT manufactures tunnel boring equipment in the US or elsewhere? I bet they do and they just bought this plant to shut them down and kill the competition.
CAT is no friend to Canada obviously and I won't be buying their products any time soon unless I have to.
my first thought was the same. seems strange they would not try to sell the business.
Caterpillars leaf me cold.my first thought was the same. seems strange they would not try to sell the business.
not many responses on this thread, i guess the members find it boringCaterpillars leaf me cold.
This thread is a dirt turner.not many responses on this thread, i guess the members find it boring
Have to dig deeper but I really do not want to bore anyone.Your puns dont fare so well
Maybe you need to change your train of thoughtHave to dig deeper but I really do not want to bore anyone
I agree this seems illogical from CAT, unless for the reason you question. If it is true we have offered finacial support recently to CAT then I would hope they find it much more difficult to sell their products in Canada.I am very sorry for the people who will lose their jobs.
The thing that I find amazing is that CAT just bought this very plant a few years ago, and now they are shutting it down. Makes no sense.
I would bet you that if a buyer for the plant came along, CAT would refuse to sell it. (I've seen that happen many times.)
I wonder if CAT manufactures tunnel boring equipment in the US or elsewhere? I bet they do and they just bought this plant to shut them down and kill the competition.
CAT is no friend to Canada obviously and I won't be buying their products any time soon unless I have to.
They also bought Electro-Motive Canada of London in 2010 and shut them down last year.I am very sorry for the people who will lose their jobs.
The thing that I find amazing is that CAT just bought this very plant a few years ago, and now they are shutting it down. Makes no sense. .
I heard that Thailand now produces more cars than Ontario. Should we have a race to the bottom or should all the schmoes have known better and gone to get work in Fort McMurray?Canada has the HIGHEST labour cost in car manufacturing in the WORLD.
IF,... the dollar was to fall to $.65 again, then we won't be loosing manufacturing (unionised at least) facilities at the current rate.
FAST
Right. The greedy unions forced CAT to shut down the London plant.It doesn't say that.
It's amazing how CAT can buy out a private business that served global interests for two generations, and then shut it down when it doesn't align with their strategic interests.
I've seen it many times before.my first thought was the same. seems strange they would not try to sell the business.
I recall a lumber mill in Sturgeion Falls.
The town's corrugated paper mill was the centre of local life for more than a century. The decline of the mill came gradually, with one production line after another falling silent over a thirty-year period. When the future of the mill was cast into doubt in the early 1990's, Sturgeon Falls' residents rallied to save it. With the generous support of the Ontario New Democratic Party government, and a million dollars raised locally, the mill was converted to produce 100 percent recycled paper. Its future seemed secure until American-owned Weyerhaeuser purchased MacMillan Bloedel in 1999, and with it the Sturgeon Falls operation. The paper mill closed three years later and was demolished in 2004.
http://storytelling.concordia.ca/high/sturgeon_falls/WebsiteSections/01History/millhistory01.html
I know in the case of Sturgeon Falls, the mill was profitable, just not as profitable as "they" wanted. Once it was closed, there was a buyer for the mill, however, Weyerhaeuser would not entertain anyone buying the mill as they did not want the competition.
The result was to close the mill, and throw everyone out of work.
I am very sorry for the people who will lose their jobs.
The thing that I find amazing is that CAT just bought this very plant a few years ago, and now they are shutting it down. Makes no sense.
I would bet you that if a buyer for the plant came along, CAT would refuse to sell it. (I've seen that happen many times.)
I wonder if CAT manufactures tunnel boring equipment in the US or elsewhere? I bet they do and they just bought this plant to shut them down and kill the competition.
CAT is no friend to Canada obviously and I won't be buying their products any time soon unless I have to.
It only makes sense if their true, long term intent is to eliminate the competition, once they gather their intelligence.
