Caterpillar cuts 2,500 laid-off workers

Caterpillar Inc. said Monday about 2,500 laid-off employees will be permanently cut from the company and 550 others will be brought back to work by the end of next year.

[Bubba]

It seems like the whole world is caving on us, and govt. seems to think the economy is getting better.......Where?

[American Pride]

Next year people will be happy to have a Obama Hut to live in... I dont even see the chance of that happening.

[Huh]

You both get an 'F' in reading comprehension.

Read the story again. CAT thinks it is on the uptick. Yes, 2500 previously laid-off workers got notice that they won't be hired back. Yet 550 previously laid-off workers will be rehired.

[True Story]

Huh wrote:

You both get an 'F' in reading comprehension.
Read the story again. CAT thinks it is on the uptick. Yes, 2500 previously laid-off workers got notice that they won't be hired back. Yet 550 previously laid-off workers will be rehired.

"...550 others will be brought back to work by the end of next year."
This means by the end of 2010, which tells me they have HOPES of bringing these workers back sometime within the next 14 months.
Having worked in private industry for years, I know anything can happen during that period of time, and their plans may never materialize.
If the dollar continues to remain strong, Caterpillar's exports will continue to fall, meaning that these workers may never be brought back. They are hoping for a weak dollar so that their exports are less expensive, but it all depends on the strength of the dollar.
Also, you might notice that 81% of the laid off workers are gone for sure, as Caterpillar knows it will be a long time before their products are needed in America.
This company isn't stupid and they know with the way our current government is disregarding private businesses and manufacturers and concentrating on making people more dependent on government hand-outs, we'll have over three more years of recession, now known as a 'jobless recovery'.

[redpandabear]

True Story wrote:

<quoted text>
"...550 others will be brought back to work by the end of next year."
This means by the end of 2010, which tells me they have HOPES of bringing these workers back sometime within the next 14 months.
Having worked in private industry for years, I know anything can happen during that period of time, and their plans may never materialize.
If the dollar continues to remain strong, Caterpillar's exports will continue to fall, meaning that these workers may never be brought back. They are hoping for a weak dollar so that their exports are less expensive, but it all depends on the strength of the dollar.
Also, you might notice that 81% of the laid off workers are gone for sure, as Caterpillar knows it will be a long time before their products are needed in America.
This company isn't stupid and they know with the way our current government is disregarding private businesses and manufacturers and concentrating on making people more dependent on government hand-outs, we'll have over three more years of recession, now known as a 'jobless recovery'.

SAD but true, the cat out of the bag and it's bye bye bird

[American Pride]

Huh wrote:

You both get an 'F' in reading comprehension.
Read the story again. CAT thinks it is on the uptick. Yes, 2500 previously laid-off workers got notice that they won't be hired back. Yet 550 previously laid-off workers will be rehired.

And you get the "D" for being DUMB! I read the story... People are still going to be out of work! Why dont you STFU...

[Huh]

American Pride wrote:

<quoted text>
And you get the "D" for being DUMB! I read the story... People are still going to be out of work! Why dont you STFU...

Golly, I want to be smart like you.

[American Pride]

Huh wrote:

<quoted text>
Golly, I want to be smart like you.

You can stay like the jacka ss you are...Dont jump on peoples comments! JA

[wife of Cat wrkr]

The economy is the way it is at the moment. At least CAT didn't take bailout money from the goverment! Someone is actually thinking at CAT instead of wasting money like GM and AIG did! Why keep people there if there is no work for them? CAT has been laying off people so the one's who are still there should have been saving all this time and not assume their job was safe! No job anywhere is safe!

[True Story]

wife of Cat wrkr wrote:

The economy is the way it is at the moment. At least CAT didn't take bailout money from the goverment! Someone is actually thinking at CAT instead of wasting money like GM and AIG did! Why keep people there if there is no work for them? CAT has been laying off people so the one's who are still there should have been saving all this time and not assume their job was safe! No job anywhere is safe!

Except for government jobs, of course, as they will be hiring to administer their 'entitlement' programs that make people more dependent of them.
To stimulate the economy, they should give private manufacturing corporations tax cuts to tide them over during this downtime and individuals tax cuts to stimulate spending due to more take home pay.
But NO, they bail out the inefficient corporations that should declare bankruptcy and regroup as more efficient and cost effective companies, and spend money on government handouts instead of putting people back to work making something that keeps our economy moving.
I agree with your premise that people should have saved during the past boom time, but the fact is they didn't, so they NEED jobs to continue eating and paying for housing.
There is NO such thing as a 'jobless recovery', unless you want the government supporting all the people out of work.

[Ayahuasca Shaman]

Just a reflection of all those construction jobs 'The One' has created.

[American Pride]

Ayahuasca Shaman wrote:

Just a reflection of all those construction jobs 'The One' has created.

The ones that "the one" promised???

[Ayahuasca Shaman]

American Pride wrote:

<quoted text>
The ones that "the one" promised???

Yeah, they be the ones......or did I just imagine it?

[Not Seeing it Yet]

Change and hope people, remember....change and hope. He's going to change everything so all you have left is hope!

[Ayahuasca Shaman]

Yeah, "Hope & Change".

Just like marooned survivors on a desert island.

Problem is, you can't eat "Hope & Change".

People are beginning to realize this.

It won't be long before someone gets disgruntled enough to, well, you know.

[Yeehaw]

Not Seeing it Yet wrote:

Change and hope people, remember....change and hope. He's going to change everything so all you have left is hope!

He promised change and that's all I have left in my pocket.