In an interview with CNBC this morning, Caterpillar CEO Doug Oberhelman — thanks in large part to U.S. Rep. Paul Ryan — shed some light on to what his company’s acquistion of Bucyrus might mean for local operations.
Check out the full interview here. Among the CEO’s comments:
Catperilliar is coming to Milwaukee and Wisconsin. Bucyrus is not leaving. We will be moving a fairly select number of senior level, executive-type jobs to Milwaukee over the next couple of years. We intend to keep the headquarters for our global mining business right there in Milwaukee. We like the facliites, we like the people and we think it will serve us very, very well as we go forward in this business in a lot bigger way.
He said the future is “very bright” locally. However, when asked if employment would increase locally, Oberhelman said: “I don’t see it decreasing much. It’s hard to say. It’s early.”
Of course, everyone keeps saying “Milwaukee” here. I am assuming they mean “South Milwaukee” and “Oak Creek.” If I suspect otherwise, I will let you know.
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