Seeking U.S.-Style Wage Cuts: Caterpillar Locks Out Workers in Ontario
Submitted on January 4, 2012
By Carl Bronski - WSWS
Four hundred and twenty-five workers were locked out of the [Caterpillar] Electro-Motive Diesel plant in London, Ontario Sunday night, shortly after they voted overwhelmingly to authorize strike action unless management withdrew unprecedented concession demands...The locomotive producer...has demanded a 55 percent pay cut, the elimination of the current pension plan and a reduction in overtime rates...The wage reduction alone would reduce the locomotive workers’ pay from $35 to just $16.50 per hour.
