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Caterpillar Inc has decided to close its Electro-Motive locomotive plant in London, Ontario, and lay off at least 450 workers following several months of unsuccessful contract negotiations with the Canadian Auto Workers union.

The move deals a tough blow to the Canadian labor market, which has been under pressure from a strong Canadian dollar and the struggle to persuade unionized workers to accept deep concessions in a relatively stable economy.

Full article here

Regards,

Don