Surviving Globalism - Caterpillar

Joann Muller:

Caterpillar confronted the same labor costs and Asian competition that the auto companies did. But Cat is doing just fine. Why?

A Midwest manufacturing company, fat and lazy, heavily unionized, suddenly faces foreign competition. You know the ending: massive layoffs, closed factories, consolidation, rumblings of bankruptcy. That's the familiar story of General Motors, Ford and lots of other big manufacturers over the last 20 or 30 years.

Great article, particularly in contrast to GM's challenges. Posted by James Zellmer at February 17, 2006 10:08 AM | Subscribe to this site via RSS:
Posted to Business