Industry Headlines

Caterpillar Foundation Invests in Training World's Future Workers

CARTAGENA, COLOMBIA-Caterpillar Inc. announces a $4.5 million Caterpillar Foundation investment in job training directed at disadvantaged youth in Latin America and the Caribbean. The pledge toward the New Employment Opportunities or Nuevos Empleos y Oportunidades (NEO) is part of the Foundation's three-year, $10.5 million investment that was initiated last year to support the International Youth Foundation (IYF) job training program.

"What we're announcing today is a commitment to directly train youth in Brazil, Mexico, Panama and Peru," says Bill Lane, Caterpillar's Washington director who represented the company at the IYF announcement in Colombia. "It's simple really. More skilled workers are needed in these regions. These countries have unacceptably high levels of unemployed youth. We are confident that by providing life and technical skills as well as mechanical training to the youth in these regions that it will open doors that may have otherwise been locked. Whether they become a diesel mechanic who works on a Cat machine or a laboratory technician in a hospital, the goal for these young men and women is sustainable employment that will set the stage for better things to come."

The 10-year goals for the NEO include training one million disadvantaged youth using models that incorporate best practices of job training programs, achieving job placement rates of at least 50 percent for its graduates, ensuring that half or more of the youth trained are girls and young women, and mobilizing 1,000 companies to offer internships and employment opportunities for youth.

Did you enjoy this article? Click here to subscribe to Quality Magazine. 

You must login or register in order to post a comment.




Karen Spencer, Clinkenbeard's quality manager, discusses what makes the plant stand out, advice for other plants, and looks to the future.
More Podcasts

Quality Magazine


2015 May

The May 2015 edition of Quality Magazine includes articles on cloud technologies, depth gages, ISO 9001, digital inspection and cool new products.

Table Of Contents Subscribe

Topics to Talk About

What topics would you like to see Quality cover more?
View Results Poll Archive

Clear Seas Research

qcast_ClearSeas_logo.gifWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.


Facebook2015_40 twitter_40px.png  youtube_40px.pnglinkedin_40px.png  GooglePlus_40