Latest Breaking News
In reply to the discussion: Electro-Motive plant shut by U.S. owner [View all]iverglas
(38,549 posts)If the problem was that it was mismanaged by the previous owner, how would proper management not have solved the problem?
If the are, as they are, moving the plant physically to Indiana, as I understand it ... well, why? Why is it a good thing in Indiana and not in Ontario?
Yes, it was clear from very early that Caterpillar planned to close the plant.
The question (from your perspective) remains: why did it buy the plant?
To get the maintenance contracts and customers?
So in fact it was valuable as a going concern, if it had that work and those customers.
What reason are you proposing to have been the reason for closing the Ontario plant and moving the assets, tangible and intangible, to Indiana?
To some of us it seems rather obvious: tax concessions and absence of unions / labour laws.