Guest
09-29-2010, 05:32 PM
all kinds of good things will happen....
This was in February....
" President Obama today repeated the claim we asked about yesterday at the press briefing that Jim Owens, the CEO of Caterpillar, Inc., "said that if Congress passes our plan, this company will be able to rehire some of the folks who were just laid off."
Caterpillar announced 22,000 layoffs last month.
But after the president left the event, Owens said the exact opposite.
Asked if the stimulus package would be able to stop the 22,000 layoffs or not, Owens said, "I think realistically no. The truth is we're going to have more layoffs before we start hiring again"
"It is going to take some time before that stimulus bill" means re-hiring, he said."
http://blogs.abcnews.com/politicalpunch/2009/02/doh-caterpillar.html
This is from today's news...
"Caterpillar, the world's largest manufacturer of construction equipment, will build a factory in China to produce mini hydraulic excavators, the company said in a statement.
Construction will begin in Wujiang, near Shanghai, at the end of 2010 and the facility should be ready in 2012 to begin production of mini excavators of less than eight tons, the company said Tuesday.
Caterpillar did not say how much the project will cost.
It is part of a long-term plan for investments in China that will make Caterpillar one of the leading manufacturers of construction equipment in the country.
http://news.yahoo.com/s/afp/20100929/ts_alt_afp/uschinacompanyinvestmentcaterpillar_20100929130112
This was in February....
" President Obama today repeated the claim we asked about yesterday at the press briefing that Jim Owens, the CEO of Caterpillar, Inc., "said that if Congress passes our plan, this company will be able to rehire some of the folks who were just laid off."
Caterpillar announced 22,000 layoffs last month.
But after the president left the event, Owens said the exact opposite.
Asked if the stimulus package would be able to stop the 22,000 layoffs or not, Owens said, "I think realistically no. The truth is we're going to have more layoffs before we start hiring again"
"It is going to take some time before that stimulus bill" means re-hiring, he said."
http://blogs.abcnews.com/politicalpunch/2009/02/doh-caterpillar.html
This is from today's news...
"Caterpillar, the world's largest manufacturer of construction equipment, will build a factory in China to produce mini hydraulic excavators, the company said in a statement.
Construction will begin in Wujiang, near Shanghai, at the end of 2010 and the facility should be ready in 2012 to begin production of mini excavators of less than eight tons, the company said Tuesday.
Caterpillar did not say how much the project will cost.
It is part of a long-term plan for investments in China that will make Caterpillar one of the leading manufacturers of construction equipment in the country.
http://news.yahoo.com/s/afp/20100929/ts_alt_afp/uschinacompanyinvestmentcaterpillar_20100929130112