TITLE

Surviving Globalism

AUTHOR(S)
Muller, Joann
PUB. DATE
February 2006
SOURCE
Forbes Asia;2/27/2006, Vol. 2 Issue 3, p42
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article focuses on the factors attributed to the success of heavy equipment manufacturer Caterpillar in recovering from the challenges brought by high benefit costs, old factories and stiff global competition, particularly in Japan. An agreement with its workers shifted 20 percent of health care costs onto workers and established a 42 percent lower wage rates for new employees. Caterpillar's profit increased 40 percent to $2.9 billion, on a 20 percent gain in revenue to $36.3 billion in 2005. Caterpillar invested $1.8 billion in its manufacturing operations, modernizing factories with new robots and automated tools and invested to unclog bottlenecks in its factories and eliminate waste.
ACCESSION #
20992631

 

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