Word: caterpillar
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...Peoria, Ill., the Caterpillar Tractor Co. will lay off 1,700 workers this week, and those who are about to join the jobless are still disbelieving. "It's like being wounded in battle," says Jim O'Connor, president of United Auto Workers Local 794. "The initial shock is buried. Until a couple of months ago, people were walking around here with Reagan buttons on. Now I'm asking them if they liked inflation and a job better than no job. And they're saying, 'I'd rather have a job and raise hell about...
Ludwig threw money and manpower at problems thrown up by the jungle. But in many cases he made costly mistakes. In attempting to start his lumber and paper business, for example, he had to clear the land to plant new trees. Several Caterpillar "jungle crushers," giant bulldozers costing $250,000 each, were brought in to do the job, but the machines proved inappropriate because they damaged the unexpectedly delicate Amazon topsoil...
American companies doubt that the U.S. will receive full backing from its allies. Caterpillar Tractor Co., which is losing an $80 million contract to supply the Soviets with 200 pipelaying machines for their planned natural gas pipeline from Siberia to West Germany, expects a Japanese company to fill that order. Fumes a Caterpillar executive: "Reagan's not denying pipelayers to Moscow, only our pipelayers...
...construction of a natural gas pipeline between the Soviet Union and Western Europe that will supply the EEC with 20 per cent of its annual gas needs while creating numerous jobs. Europeans will go to great lengths to get their gas, making Reagan's ban on the export of Caterpillar pipe-layer equipment virtually meaningless...
...pipeline are of U.S. design, and all of the 125 turbines driving them will be built by European firms under license from General Electric. In addition, the Soviets have decided to buy the equipment that will haul and lay the heavy sections of 56-inch pipe from the Caterpillar Tractor...