Current Quarter Expenses.
Posted on 02/18/2012 7:02:34 AM PST by KeyLargo
Caterpillar: Goodbye Illinois, Hello Indiana’s Right To Work
February 17, 2012
Caterpillar digging into Indiana
Caterpillar has been a mainstay Illinois-based company for generations but no longer. The power and influence of big labor has impacted the company for too long, damaging its bottom-line and hurting workers.
Now that Illinois’ neighbor, Indiana, has become a Right to Work state, Caterpillar is exploring their options, according to The Detroit News’ Robert Laurie:
Back in 2009, Barack Obama announced that Caterpillar had promised to rehire some of its laid-off workforce if his stimulus proposal passed. This week, the nation’s largest manufacturer of mining and construction equipment announced that it would be moving a factory from Canada to Indiana. In the process, it will create 450 new jobs in the state.
You’d think the president would be happy, but this is not quite what he had bargained for. Take note, Governor Snyder. Caterpillar’s move came almost immediately after Indiana passed a right-to-work law, which will make union dues voluntary in the state. Labor officials claim Right To Work will deplete union funds, making it much more difficult for them to organize factories.
Coincidence? Workers who were formerly employed at the London, Ontario factory have been locked out since the beginning of the year after their union refused to accept pay cuts which would have kept the operation profitable. As a result of Big Labor’s obstinance, these jobs have been permanently eliminated and the plant relocated. The work will now be done in Muncie, [Indiana].
Big business has already been fleeing Quinn’s state after he signed a massive 2011 tax hike. Illinois had been in the running for a new Caterpillar facility of its own, one that would bring a whopping 1,400 jobs to the area by relocating a factory currently operating in Japan.
(Excerpt) Read more at nrtwc.org ...
There are several centrally located cities with large airports in right-to-work states that would have sent a better one.
When IL decided to tax itself into misery, I thought Boeing might regret its choice of HQ, but then I remembered Obama...
IL would not have been my first choice if taxes were a consideration, even before they raised them.
Then why move to Illinois, much less Chicago? They wanted to be in an expensive, corrupt gun free zone?
Yes something changed. They announced the site in Athens, GA. for the plant, as the article says.
Different plant, by my reading. Athens, GA 4,200 employees. The one Wilmington, NC is or was in the running to land, 1,400 employees, for manufacturing formerly done in Japan. Sounded like two different proposals to me, maybe I’m mistaken.
Egos have gotten so fragile in the executive suite that they demand a “world class” city for their edification and entertainment. Such cities are nearly all under leftist control. I still recall F. Ross Johnson rolling into town here and ripping RJR-Nabisco up by the roots because his wife thought Winston-Salem was too bucolic. That, after building the most ridiculous Disney-esque mansion on one of the best, old streets in the best part of town. It still looks like an overblown gift shop in some tourist trap town, imho. Seashells embedded in the stucco, all sorts of frippery and kitkat. No accounting for taste, I guess, no matter what the wherewithal.
For Cat, low cost 24/7 electricity and a deep water port to ship these smaller tractors etc from.
I know a fireman from "Detwaa" who is looking outside of MI for jobs, as many states are willing to take them because they are highly trained given all the fires they put out. Georgia maybe gentle on the Fireman's mind....
At least get your facts straight. The toll road was not sold it was leased for 99 years with a lot of strings attached for over $3B dollars. Money that has been used to fund highway projects around the State, employing hundreds if not thousands of people in good high paying jobs. For the first time in decades the toll road itself is being upgraded at no expense to the taxpayers of Indiana.
Stonecipher retired from Boeing in 2002, but was hired back by the BoD when President Phil Condit left the company. When word of an affair between Stonecipher and a married 45-year old VP surfaced in 2005, the Boeing BoD asked for and received his resignation. Stonecipher’s wife of 50 years, Joan, filed for divorce shortly after the affair was made public. The female VP was fired and her husband subsequently filed for divorce. The former Mrs. Stonecipher got 50 percent of Harry's pension, perks, and property in the divorce. Here: http://en.wikipedia.org/wiki/Harry_Stonecipher
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