Statement on Closure of Electro-Motive Plant in London
Friends,
You have likely heard that US construction conglomerate Caterpillar Inc. is closing the Electro-Motive Canada (EMC) plant in London, Ontario. The announcement was made this morning.
You will recall that this is the facility where 465 workers were locked out January 1st, after refusing to have their wages and benefits cut in half.
You may not know that the closure comes on the heels of a mighty lucrative year for Caterpillar Inc. This company is raking in billions of dollars in profits – $4.9 billion, to be exact. This is the highest level of profit the company has ever had.
Make no mistake about it – at the heart of the decision to close EMC is pure greed, the level of which is breathtaking. But more disturbing is how often this story is repeated in Canada. Despite the economic and personal hardship affecting communities right across the country, the Harper Conservatives simply refuse to take action.






