Caterpillar out of the bag

Caterpillar’s unsettling track record in Northern Ireland - Economic News | Ireland & World Economy Headlines |The Irish Times - Tue, Oct 29, 2013: "Forget for a moment that the 100 new jobs may have the potential to generate salaries of around £2.2 million and remember just how hard the loss of 750 jobs has hit local communities such as Larne, Springvale in Belfast and Monkstown.
Because Caterpillar is diversifying its production capabilities in the North into a new line of manufacturing, there is the hope that it will in time bring other new work to Northern Ireland, which will ultimately create more jobs.
But in the meantime, the
fact that Invest NI has offered Caterpillar £1.087 million of financial support and the North’s Department for Employment and Learning has also agreed to give it £220,000 towards the cost of the investment project just doesn’t sit right. Should you reward a global organisation for pulling out manufacturing jobs and relocating them, as Caterpillar moved those Northern jobs
to China?"

'via Blog this'