Caterpillar likes to play hardball -- so let’s play hardball
Recession-ravaged London, Ont., needn’t lose its status as one of the world’s leading locomotive manufacturing centres.
Yes, that is the plan revealed Friday by U.S.-based Caterpillar Inc., owner of London’s 90-year-old Electro-Motive Diesel Inc. (EMD). Caterpillar has abruptly shut down the firm just 18 months after buying it. Cat is poised to ship EMD’s specialized equipment and technology — intellectual property developed in London over several generations — to low-wage jurisdictions outside Canada.
Naturally, Caterpillar presents this outrage as a fait accompli.
Already there are calls for a government inquiry to determine how such industrial rape can be prevented in future. A good idea. But we also should and can quash Cat’s plans for EMD.
http://www.thestar.com/business/article/1126643--olive-capitalism-s-ugly-face-in-london-ont?bn=1
Well?
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