Caterpillar announced on Friday the planned closure of a manufacturing plant in Tasmania in order to move labour offshore.
The mining and heavy construction equipment manufacturer plans to close its Burnie plant in northern Tasmania, resulting in the loss of 280 local jobs. Caterpillar plans to move this plant’s production to the port of Rayong in Thailand to reduce overall labour costs. According to ABC News, company spokesman William Oie said the decision was…
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