Update: The Business Journal, Milwaukee Journal Sentinel, Wall Street Journal and TMJ 4 also have stories.
From the Chicago Tribune …
Contract negotiations between Caterpillar Inc. and United Steelworkers Local 1343 broke down on Wednesday, according to union officials. Ross Winklbauer, a Steelworkers subdistrict director for southeastern Wisconsin, said Caterpillar turned down the union’s proposal addressing its members concerns. No other further meetings are scheduled.
I’ll keep you posted.
South Milwaukee Blog 
Wisconsin: Open for Business…Open Season for organized labor
Caterpillar will not let the union win, so strike if you are foolish. In fact a strike plays into CAT hands, especially during this downturn, they will just bring in management employees to carry out the work and then after the union returns to work you will find that not only did you have to sign the contract but now you will have to work harder as your productivity rates have been changed.