Caterpillar pulling out of London

A statement sent out by Progress Rail, owned by CAT, said it is regretable but they are shutting down the London plant.

This is really disappointing and sad.

I’m sorry for all of the men and women who are losing their jobs.

Could the feds have done more after giving CAT our money in a grant?

Should the Ont. govt. have intervened?

Could the union have done anything differently?

Advertisements

One thought on “Caterpillar pulling out of London

  1. Government should have attached terms and restriction on loans and should never have made grants.

    Corporate welfare as well as social welfare should always come with obligations and responsibilities. There should never be a blank cheque.

    There should be a mechanism or checklist for measuring success or failure for performance and a strict monitoring and accounting of tax-payer money.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s