If someone can find me financial statements for that plant I'll gladly look over them.
However, anyone who knows how these companies work, knows that it's likely that they were making a profit (hello, Caterpillar in general had record profits last year). It's equally likely that the bean counters didn't think it was a 'big enough profit'. Meaning, in large companies, they will open whole divisions with a goal of, say 40% gross margin, and if they only get 35% they will shut the whole thing down.
And THAT is why our current system is completely unsustainable without slave wages and continued exploitation of workers and resources.
It really doesn't matter that some jobs at half the wage are better than no jobs, or that Indiana needs the jobs more than London does. Big picture, people. The large companies are bleeding the 'little people' dry. They will play us against each other so they get that extra 5% in gross margin. They will destroy lives, close plants, move jobs overseas (where this plant is probably heading next) and in the mean time taxpayers have subsidized these assholes with tax breaks/incentives so they can pick up and move on to somewhere else (and bleed THOSE taxpayers dry) just as soon as they can make even MORE profit in the town next door.
Race to the bottom.
Until everyone - and I do mean everyone of the 99%ers - stand up against this shit, it will keep happening. Again, and again. And the more you spew crap like, "well, they have a right to move where there is more profit." you are enabling them - you may as well be helping them to lock out those workers.
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