BY JAMES R. HAGERTY AND CAROLINE VAN HASSELT
Two global companies, Caterpillar Inc. and Rio Tinto PLC, opened the new year by getting tough in contract disputes with Canadian unions, which face drives by corporate and government employers to cut labor costs.
U.S.-based Caterpillar late Sunday locked out about 450 union workers at a locomotive plant in London, Ontario, in a sign that the world's largest maker of construction and mining equipment is pushing hard for labor-cost savings despite a big earnings recovery over the past two years. Meanwhile, Rio Tinto Alcan, an aluminum-production unit of Anglo-Australian mining giant Rio Tinto, locked out about 800 union workers at ...
BY JAMES R. HAGERTY AND CAROLINE VAN HASSELT
Two global companies, Caterpillar Inc. and Rio Tinto PLC, opened the new year by getting tough in contract disputes with Canadian unions, which face drives by corporate and government employers to cut labor costs.
U.S.-based Caterpillar late Sunday locked out about 450 union workers at a locomotive plant in London, Ontario, in a sign that the world's largest maker of construction and mining equipment is pushing hard for labor-cost savings despite a big earnings recovery over the past two years. Meanwhile, Rio Tinto Alcan, an aluminum-production unit of Anglo-Australian mining giant Rio Tinto, locked out about 800 union workers at ...
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