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CATERPILLAR NOTIFIES UAW OF IMPASSE IN LABOR DISPUTE

 CATERPILLAR NOTIFIES UAW OF IMPASSE IN LABOR DISPUTE
 PEORIA, Ill., March 6 /PRNewswire/ -- Caterpillar Inc. (NYSE: CAT)


has formally notified the United Auto Workers union (UAW) leadership that, in its view, an impasse has been reached, and reiterated its position that it cannot remain globally competitive if forced to accept the conditions of the UAW's "pattern agreement." This step has been taken in the company's continuing effort to resolve the current labor dispute.
 The company regrets that the union has left Caterpillar with no other option.
 For the past five months, Caterpillar has tried to reach a contract agreement with the UAW. The company's goal has been to negotiate a contract that it believes is fair and will keep the company competitive.
 Caterpillar has made three contract proposals to the union. The UAW has rejected each offer out of hand and offered no counterproposal or compromise. On Feb. 19, following the UAW rejection of Caterpillar's third offer, the company informed the union that the offer was final.
 On March 5, the company notified the UAW it believed an impasse has been reached. While the UAW informed Caterpillar that it disagrees, it stated its willingness to resume bargaining only if the company would "agree to accept the principle of pattern bargaining."
 Caterpillar today informed the union that the company does not accept the principle of pattern bargaining and does not believe that the economic and non-economic parts of the pattern are consistent with remaining globally competitive. Regrettably, we are clearly at an impasse.
 -0- 3/6/92
 /CONTACT: Bill Lane of Caterpillar public affairs, 309-675-5813/
 (CAT) CO: Caterpillar Inc.; United Auto Workers ST: Illinois IN: AUT SU:


TQ -- NY054 -- 6001 03/06/92 16:30 EST
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Date:Mar 6, 1992
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