Caterpillar said it has agreed to not close additional union-represented plants under a new tentative contract deal with the members of the United Auto Workers union, The Wall Street Journal’s Bob Tita reports. The moratorium on plant closings, outlined this past week, follows years of Caterpillar consolidating operations and moving production away from unionized work sites in the Midwest. Reference Link
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on CAT: