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Caterpillar (CAT -1.7%) and the United Steelworkers Union have suspended contract negotiations...

Caterpillar (CAT -1.7%) and the United Steelworkers Union have suspended contract negotiations for mining machinery workers in Milwaukee after talks broke down earlier this week. The union rejected a proposed contract that would have frozen hourly wages for six years, installed a lower wage scale for new hires, altered pension benefits and allowed the company to disregard workers' seniority when selecting employees for short-term layoffs. Workers say they will continue to report and presently have no plans to stage a walkout.
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Comments (4)
  • rrkunes
    , contributor
    Comments (2) | Send Message
    Record Profits for CAT and nothing for the people who make them their money
    10 May 2013, 02:17 PM Reply Like
  • shepler256
    , contributor
    Comments (2) | Send Message
    Yes, not the first time that's happened. I grew up near one of their plants, and it always seemed to me the company used rather extreme measures against the workers. I can't pretend to understand it not being a member of either side.
    11 May 2013, 12:05 AM Reply Like
  • kfagin
    , contributor
    Comments (6) | Send Message
    Any wonder the workers refused this offer ?


    Would have been bad enough if they received no raise for 1 year, let alone 6 years, given the chances of inflation around the bend, with Uncle Ben's Fed's policies !
    11 May 2013, 01:45 AM Reply Like
  • jemini52
    , contributor
    Comments (2) | Send Message
    I guess you don't know about the "Union 1%'ers do you"? I moved from Peoria because the union wages from CAT inflated the basic cost of living. I could not afford to live there. Grocery prices were inflated, medical expenses were inflated. You name it and it was inflated. I think cities/workers need a living wage but not at the cost of those who are not in a union. Just saying.
    11 May 2013, 09:28 PM Reply Like
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