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Caterpillar to install factory in China: company - Yahoo! News (http://news.yahoo.com/s/afp/20100929/ts_alt_afp/uschinacompanyinvestmentcaterpillar_20100929130112 - broken link)
Quote:
Caterpillar, the world's largest manufacturer of construction equipment, will build a factory in China to produce mini hydraulic excavators, the company said in a statement.
Construction will begin in Wujiang, near Shanghai, at the end of 2010 and the facility should be ready in 2012 to begin production of mini excavators of less than eight tons, the company said Tuesday.
Now, we all remember obama's little visit to Caterpillar, don't we?
Location: Georgia, on the Florida line, right above Tallahassee
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I used to work for Caterpillar. I guess some folks don't know they have plants all over the world.
After all, it's a global coorporation worth billions. I guess that mean they should just have plants in Kansas... or something.
This thread is almost as relevant as the "Is Obama's mom an atheist?" thread.
In 1992, Caterpillar fought the United Auto Workers in a five-month strike, threatening to replace its entire unionized work force. Over ten thousand UAW members struck again in 1994-1995 for a record 17 months, which ended when UAW called off the strike without a contract in the face of record revenues and profits by Caterpillar.[71] Caterpillar offered a contract that would have raised the salary of top workers to $39,000 in 1994 from $35,000. But the union was seeking the same top wage of $40,000 that was paid workers at Deere & Company in 1994.[72]
Caterpillar's response to these labor conflicts was to "farm out" much of its parts production and warehouse work to outside firms: Rather than fighting the union, Caterpillar has made itself less vulnerable to the tools traditionally available to organized workers. Caterpillar also made effective use of office staff during the disputes, suspending research and development work to send thousands of engineers and others into their factories to fill in for striking or locked out union members.
I wonder why they are building it in China instead of America?
Because the tax rate in China is lower. Because China is where their huge machinery is needed and they won't have to ship it. Labor is cheap. Environmental regualtions are not onerous to businesses. As a previous poster pointed out, no unions with which to battle. The list goes on.....
that "bite me joe" stimulus money must be working somewhere barry O!!
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