TORONTO, Jan. 26, 2012 /CNW/ - CAW President Ken Lewenza is demanding
that Caterpillar take its concessionary demands off of the negotiating
table in light of today's announcement of the company's record-setting
profits of $4.9 billion - a stunning 83 per cent increase over last
On January 1, Caterpillar locked out nearly 500 CAW Local 27 members at
its locomotive facility in London, Ontario (Electro-Motive Diesel),
demanding wages and benefits be cut by more than half.
"Today's announcement is as outrageous and it is infuriating," said
Lewenza. "This corporation is turning out record profits and making
money hand over fist, and at the same time cutting our members off at
"What we're experiencing in London is a total injustice. It's shameful.
And it's completely hypocritical," Lewenza said.
Caterpillar profits far surpassed expectations. And sales of
Electro-Motive Diesel products increased by $861 million in the past
year. The company forecasts the year ahead to yield even higher
revenue, with growth pegged between 13 and 20 per cent.
CAW Local 27/Electro-Motive Diesel Plant Chairperson Bob Scott said the
company has absolutely no justification for keeping on its hard-line
stance to reduce wages.
"We've been locked out for nearly a month and would like nothing better
than to get back to work, and continue providing for our families,"
Scott said. "There's no logic behind what the company is doing. They're
fuelled by greed, plain and simple. And we're left here in the cold to
Union members staged pickets at Caterpillar dealerships across the
country today, in an effort to raise the profile of this dispute with
the company's customers.
The CAW is calling on the federal and provincial governments to play an
active role and use every tool at their disposal to protect the
interests of London workers in this dispute.
SOURCE Canadian Auto Workers Union (CAW)
For further information:
CAW Communications: Angelo DiCaro (416) 606-6311