Disgruntled Caterpillar workers return to work in Peoria
In Peoria Illinois thousands of Caterpillar Inc employees return to work without a new contract after a bitter five month strike. Union members report anger and distrust toward both the company and union leadership. Negotiations continue as the workforce attempts to resume operations amid tensions on the shop floor.
MENTIONED IN THIS ARTICLE
Peoria, Ill
Caterpillar Inc
Dave Johnston
East Peoria
United Auto Workers
Happy Valley
DA Fa
University of Illinois
Fane
UAW
Caterpillar
Pat Hern
Chrysler Eyes Europe for Major Sales Growth
Chrysler aims to triple its European presence by exporting North American made cars, not building plants abroad. CEO J Cappy notes a 24 percent sales rise expected this year as minivans and Jeeps boost overseas demand, with Graz Austria plant anticipated to reach 40,000 units by 1993 and 2.0 liter PL engines launching in 1994.
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Ford
General Motors
Chrysler
North America
Joseph Cappy
American Motors Corp
Cappy
Canada
China
Europe
Spirit
Acclaim
Graz
Austria
Hollywood
Carolco Pictures Corp
Bank South
Georgia Dome
Purging the pork barrel at banks and beyond
Bank South trims perks as recession tightens budgets with a new expense management approach. CEO Patrick Flinn says the drive aims to foster fiscal responsibility after a 1991 loss while Ford and Northwest Airlines cut matching contributions, vacations, travel, and bonuses to save money.
MENTIONED IN THIS ARTICLE
Patrick L. Flinn
Ford Motor Co
Venezuela oil plan in peril amid instability and low prices
Political instability and weak oil prices threaten a major foreign investment drive in Venezuela. Petróleos de Venezuela SA pursues a five year, 548 billion program to upgrade capacity with at least 15 billion in foreign funds sought.
MENTIONED IN THIS ARTICLE
Caracas
Venezuela
Latin America
Petroleos de Venezuela SA
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