Shortly after President Obama announced that passing the bailout bill would lead to Caterpillar rehiring some of the workers they have recently laid off, the CEO of Caterpillar announced that this was not true. The CEO said that even with the bailout they will still probobly have to have more lay offs. Owens (the CEO) does support the bill, but says it is a bit light on heavy construction.
More and a video available at http://blogs.abcnews.com/politicalpunch/2009/02/doh-caterpillar.html.
Thursday, February 12, 2009
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