What is the significance of the UAW tripling strike pay for striking Cat workers?
It has tremendous significance. It is unprecedented. I’m sure it caught Caterpillar somewhat by surprise – I don’t want to say total surprised, because I don’t think anything catches them by total surprise anymore. What it shows is – and I think Owen Bieber has made this statement – the UAW is in for the long haul. Three hundred dollars a week isn’t much when you consider that the average Caterpillar worker makes between $700-$800 per week, but it’s enough to live on. Why did the UAW increase the strike pay? Possibly to try and bring some of its members who have crossed picket lines back out, but primarily to keep any more from crossing, especially following Caterpillar vacation. I think the tripling of strike pay is one of the smartest things the UAW has done. What is your assessment of Cat production during the current strike? UAW leaders say product is not being shipped to any significant degree. Cat says they are meeting all customers’ needs. Can Cat continue to be profitable, make
