Saturday, January 28, 2012

Caterpillar - Swimming in money and shafting their employees.‏

http://www.sacbee.com/2012/01/26/4216717/caterpillar-picketed-today-in.html

Caterpillar screwing their Canadian Employees….

After demanding that wages and benefits be cut in half, Caterpillar locked out nearly 500 workers on New Year's Day.

"How are workers supposed to go back to earning wages last paid nearly 25 years ago, while the company is richer than ever?"

Caterpillar's demand to cut pay in half came despite record profits and surging executive pay. Company CEO Doug Oberhelman's latest annual pay packet was worth $10.5 million, twice what he received the year before.

http://online.wsj.com/article/SB10001424052970204573704577184652904344294.html

Caterpillar profits up 60%

Caterpillar posted a profit of $1.55 billion.

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