10 October 2012 0 Comments

Caterpiller and the Unions – Common Sense Prevails

WSJ Journal …Friday’s vote is a sign of an increasing recognition within organized labor, that American companies must remain competitive in a global economy. For Caterpillar, that means paying market rates for labor.  They must not pay the above-market rates that had become routine in union contracts with American manufacturers. Those contracts helped wreck the U.S. steel industry, and drive General Motors and Chrysler into bankruptcy.  Which  ultimately resulted in fewer jobs for U.S. citizens READ MORE WSJ Professional with Factiva 22 August 2012



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