CAT Considering Moving Jobs To Mexico

Where is Dick (Head) Durbin on this.  He demonized or threatened Walgreen for wanting to move to Canada. I heard Cat might have left Illinois if Pat Quinn would have been re elected. My liberal buddy blamed this all on Corporate greed. Never can face the truth. The mining industry is down; I wonder what Obama has been doing to that industry for his Green crap. So one article ran this is part of an  Obama economy.

Caterpillar has notified workers in it’s Advanced Components and Systems Division the company may move production jobs from Joliet to Monterrey, Mexico.

It would mean relocating the manufacturing of truck hoist and strut cylinders, affecting around 40 full-time jobs.

CAT spokesperson Lisa Miller says the company is contemplating this move “to be better positioned for long-term competitiveness with a more efficient and sustainable manufacturing footprint, while delivering significant cost savings on this core group of components.”

Caterpillar announced Thursday the company is taking widespread restructuring and cost reduction actions to lower its costs. “Consolidating facilities around the world and reducing manufacturing square footage is included in those actions,” Miller says.

Caterpillar intends to finalize its decision during the fourth quarter of 2015. The transition would begin in the first quarter of 2017.

“If this contemplated decision is finalized,” says Miller, “the facility will remain open as a supply chain hub and require approximately 20 production jobs.”

Caterpillar previoulsy announced in March it was moving two production lines from Joliet to Monterrey, Mexico.

The company said in order to remain cost competitive the production of gear and engine oil pumps and valves would be relocated, affecting 230 jobs.

That transition will start late in 2016 and be completed by the middle of 2018.

http://www.1470wmbd.com/cat-considering-moving-jobs-to-mexico/