French workers hold bosses at Caterpillar plant

Associated Press - March 31, 2009 5:54 PM ET

PARIS (AP) - Managers at Peoria (Ill.)-based Caterpillar say they're committed to provide employment in France after angry workers there briefly detained 4 of their bosses today.
Caterpillar managers say their priority is to find a solution that guarantees the company's presence in Grenoble, in the Alps.
It is the third time in the past few weeks that French workers have seized their bosses to protest job losses stemming from the global economic crisis.
Workers occupied parts of the Caterpillar plant in Grenoble this morning and detained the managers.
Police later moved in to clear out the seized areas and the managers were freed.
Caterpillar France says the layoffs are justified. In February, the company said it was facing a 55% loss of orders between 2008 and 2009.

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