The Conservative Cave

Current Events => Economics => Topic started by: thundley4 on March 18, 2009, 08:20:57 AM

Title: Caterpillar to lay off another 2,500 workers
Post by: thundley4 on March 18, 2009, 08:20:57 AM
Quote
Caterpillar Inc., gearing down production even further in response to still-eroding global demand, disclosed plans Tuesday to idle an additional 2,454 U.S. workers, including 1,726 in Illinois.

The Peoria-based heavy-equipment giant has already announced 22,000 job cuts worldwide, with a good portion of those cuts in Caterpillar's home state.

Now it is making additional longterm layoffs in Aurora and East Peoria, although most of those workers will be able to return to work when demand improves in the future.

In the company's Lafayette, Ind., diesel-engine factory, Caterpillar said it has notified a total of 439 employees, 405 of them production workers and the remaining 34 management or support staff, that they will laid off for at least six months. The Lafayette plant, which makes diesel engines used in ships, the petroleum industry, electric-power generation and industrial applications, is experiencing lower demand, Caterpillar pointed out. "Depending on business conditions," the company said of the Indiana facility, "more layoffs and separations may be required as the year unfolds."
Chicago Trib (http://www.chicagotribune.com/business/chi-biz-caterpillar-layoffs-illinois-march17,0,7608398.story)

Wait a minute. Didn't 0Bama tell us that Caterpillar would start rehiring people that had been laid off if his Porkulous bill was passed?  He wouldn't lie to us would he?
Title: Re: Caterpillar to lay off another 2,500 workers
Post by: bijou on March 18, 2009, 08:34:01 AM
Quote from: thundley4 on March 18, 2009, 08:20:57 AM
Chicago Trib (http://www.chicagotribune.com/business/chi-biz-caterpillar-layoffs-illinois-march17,0,7608398.story)

Wait a minute. Didn't 0Bama tell us that Caterpillar would start rehiring people that had been laid off if his Porkulous bill was passed?  He wouldn't lie to us would he?
It looks like those jobs were neither saved nor created, so yes he would lie to you (or at least his teleprompter did).
Title: Re: Caterpillar to lay off another 2,500 workers
Post by: thundley4 on March 18, 2009, 09:00:46 AM
Quote from: bijou on March 18, 2009, 08:34:01 AM
It looks like those jobs were neither saved nor created, so yes he would lie to you (or at least his teleprompter did).

I'm willing to bet that Telly Prompter is one friend that will never get thrown under the bus.  :rotf:
Title: Re: Caterpillar to lay off another 2,500 workers
Post by: Hawkgirl on March 18, 2009, 04:38:06 PM
How is this possible...Isn't the ObamaMan going to rebuild the entire nation with new highways and bridges???   :whatever: