Caterpillar Isn’t Dell, But They’re Not The Job-Provider WS/FC Thought They Were

Caterpillar formally announced yesterday that they would be eliminating 80 jobs at their manufacturing plant on Temple Rd. CAT’s Winston-Salem workers have known for months that many of them would have their jobs eliminated. The layoffs are effective December 31. Severance packages will be given. But an uncertain future awaits the 80 workers who will be losing their jobs.

Caterpillar is in the midst of a four-year earnings slump-a hole that the world’s leader in heavy equipment can’t seem to … Read the rest

Herbalife Finally Reaches A Deal With The FTC

Herbalife just settled with the Federal Trade Commission for $200 million. $200 million is a lot of money, but as usual no one at Herbalife will be punished in any way. The $200 million fine will be paid by shareholders. With their stock surging on the news of a settlement, $200 million won’t be hard for them to scrape up.

Herbalife will have to make some minor changes to their business structure and reform some of their business practises (as … Read the rest

CAT Cuts Jobs At Winston-Salem Plant

Incentives are a losing bet, anyone who tells you otherwise is either ill-informed or they aren’t being completely honest. Dell was wooed to Winston in 2004 with generous state and local incentives. The plant opened with much fanfare in 2005, but just 5 years later Dell closed the plant down. When Dell relocated to Winston just a year later we were told that Caterpillar wasn’t Dell.

But just a few years after they opened a plant in the southeast corner … Read the rest