With Labor Day just around the corner, lets see how US corporations are helping workers get back on their feet in this deep recession.
First, there is General Electric (GE) whose CEO Jeff
Despite earning a record $4.9 billion profit last year and projecting even better results for 2012, the company is insisting on a six-year wage freeze and a pension freeze for most of the 780 production workers at its factory here. Caterpillar says it needs to keep its labor costs down to ensure its future competitiveness. …”
This prompted a strike at the Joliet, Ill plant which was only recently settled. It was settled because the workers gave Caterpillar essentially everything they wanted. As reported “the
The corporations in the US understand very well that a crisis is a terrible thing to waste.