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Tag: Caterpillar Doug Oberhelman
Business
The latest in a string of closings, Caterpillar to shutter Virginia mining equipment plant, lay off 240 workers
The decrease in demand for mining equipment is still hurting Caterpillar as the company has announced plans to close another mining equipment plant and lay off an additional 240 workers. The Pulaski, Virginia plant manufactures coal haulers and other equipment and is slated for shutdown by mid-2014, according to a report from Reuters. The announcement is […]
November 18, 2013
Business
Bloomberg profile of Caterpillar CEO focuses on gap between profits and worker pay
Bloomberg Businessweek recently profiled Caterpillar CEO Doug Olberhelman, pulling very few punches in the process. The profile refers to Olberhelman as a man with a “serious demeanor” and calls him the “mouthpiece” of American manufacturing. It details his work to loosen trade restrictions, lower the corporate tax rate and increase infrastructure spending, as well as his […]
May 20, 2013
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