Democracy Gone Astray

Democracy, being a human construct, needs to be thought of as directionality rather than an object. As such, to understand it requires not so much a description of existing structures and/or other related phenomena but a declaration of intentionality.
This blog aims at creating labeled lists of published infringements of such intentionality, of points in time where democracy strays from its intended directionality. In addition to outright infringements, this blog also collects important contemporary information and/or discussions that impact our socio-political landscape.

All the posts here were published in the electronic media – main-stream as well as fringe, and maintain links to the original texts.

[NOTE: Due to changes I haven't caught on time in the blogging software, all of the 'Original Article' links were nullified between September 11, 2012 and December 11, 2012. My apologies.]

Friday, February 10, 2012

CAW boss suggests Caterpillar’s Electro-Motive takeover broke the rules

TORONTO—The head of the Canadian Auto Workers union is accusing Caterpillar Inc. of not following the rules in its 2010 takeover of a London, Ont. locomotive plant it has decided to shut down.

CAW national president Ken Lewenza has written a letter to Industry Minister Christian Paradis, calling on him to release the financial details of Caterpillar’s takeover of Electro-Motive Canada.

The federal government has said that the takeover was never looked at by Investment Canada because it fell under the $300-million threshold.

But Lewenza says no public, independently verifiable data supports that claim and Caterpillar’s own financial statement reported US$1.3 billion in assets associated with the takeover.

The American-based heavy equipment maker announced last week that it will close its Electro-Motive plant in London, Ont., a month after it locked out about 450 workers.

Lewenza says if the data associated with Caterpillar’s purchase of Electro-Motive turns out to be inaccurate, the government can impose penalties, including annulling the acquisition.

Original Article
Source: Star 
Author: canadian press  

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