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| Caterpillar sheds 460 jobs in IL | |
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| Tweet Topic Started: Apr 5 2013, 11:51 PM (296 Views) | |
| Nova | Apr 5 2013, 11:51 PM Post #1 |
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Polar98 CO
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Caterpillar is laying off 460 workers at an IL plant or 11% of the force there. The reason for this is reduction in production, which was a result of declining demand. The company noted that the mining industry is not opening up new projects these days. The company warns that the worst could be ahead. Clear problem: The mining industry is being systematically run out of business by red tape and taxation amid other elements. It is not just mining companies that are hurt, but the many businesses associated with the industry. The PA coal industry is one of many others feeling the squeeze. |
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| surfer | Apr 6 2013, 12:53 PM Post #2 |
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5000+ posts
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You're completely right. I think the gov has only generated more joblessness and poverty. There are less people in the work force than when Jimmy Carter was in but our population is so much larger! |
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| Quartz | Apr 6 2013, 01:59 PM Post #3 |
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1000+ posts
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I drive through W-PA a lot and I see that they are hurtin from the coal industry's struggles. I will say there's guys with a HS diploma making 60k/yr though. You don't see that much. All those jobs have gone to china. |
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| vegas | Apr 6 2013, 11:10 PM Post #4 |
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"The German"
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After reading this I happened to drive past what use to be a factory owned by Caterpillar in York today. My sister said I should make it into an airsoft place... |
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Airsoft Drifter S.T.A.L.K.E.R. Airsoft Association Content Creator Regional Events attended: SOG-MD- Op Sunset Local Events: Polar98 events Op: Snowfall | |
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| Nova | Apr 8 2013, 06:57 PM Post #5 |
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Polar98 CO
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I want one! |
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| Quartz | Apr 9 2013, 12:12 PM Post #6 |
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1000+ posts
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Yep so do I |
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