Ward 4 Councillor Sam Merulla filed a Notice of Motion during yesterday's Council meeting calling on the City to boycott any business relationship with the Caterpillar Corporation in light of the company's recent closure of its London, Ontario plant.
A Notice of Motion gives formal notice to the rest of Council the councillor will introduce the actual motion at a subsequent meeting.
USA-based Caterpillar bought the Canadian Electro-Motive locomotive company in 2010, taking advantage of a $5 million federal subsidy.
Amid record profits, the company demanded a 50 percent pay cut and reduced benefits from the plant's 450 unionized workers. The union rejected the offer and the company locked out the workers at the start of this year.
Last Friday, just 18 months after buying the plant, Caterpillar announced their decision to shutter it. The company will strip the plant's high-tech industrial equipment and move it to a low-wage facility outside Canada.
Last weekend, Mark's Work Wearhouse stopped selling Caterpillar boots at its London stores as a gesture of support.
Here is the full text of Councillor Merulla's motion:
Whereas the Caterpillar Corporation has breached the Investment Canada Act, and has been subsidized by Canadian taxpayers who have been betrayed by the closure of its Caterpillar Plant in London, Ontario.
Therefore be it resolved:
That the City of Hamilton review its policy related to any business relationship with the Caterpillar Corporation and boycott Caterpillar and encourage all Hamilton, Ontario and Canadian businesses from doing business with the Caterpillar Corporation.
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