Tuesday, January 27, 2015

More bad news for Caterpillar, a shrinking WI employer

The company's shares took a hit today. We'd noted Caterpillar's continuing layoffs at its South Milwaukee plant and Dom Noth's solid reporting about what has been happening there.

A related issue: there is less demand for iron ore mining rigs and excavation equipment, so with a glut of iron ore on the market, there is less demand for what might be dug out of the Penokee Hills.

Hence, that project is less attractive or feasible, too, though the company wants you to believe the problem is government regulation.

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