Another Round Of Cat Plant Closings And Job Cuts
29 January 2016
Caterpillar has announced another wave of plant closings and job cuts as the Peoria, Ill. manufacturer weathers the ongoing downturn in most of its key markets. The cuts are the most recent in a broader consolidation effort the company announced last year. At that time it was estimated the consolidation efforts would affect about 10,000 jobs over three years. Caterpillar currently has about 106,000 employees.
This round of cuts is expected to have a net reduction of 670 jobs, including 230 at its East Peoria, Ill. operations. Another 120 employees there will be placed on indefinite layoff.
Plant closings include facilities in Thomasville, Ga. and Santa Fe, N.M. — though some operations will be consolidated into its Pontiac, Ill. plant. A forest products facility in Prentice, Wis., will close resulting in about 220 job cuts. Other moves will affect plants in Indiana, Mississippi, Texas and China.
POWER SOURCING GUIDE
The trusted reference and buyer’s guide for 83 years
The original “desktop search engine,” guiding nearly 10,000 users in more than 90 countries it is the primary reference for specifications and details on all the components that go into engine systems.
Visit Now
STAY CONNECTED
Receive the information you need when you need it through our world-leading magazines, newsletters and daily briefings.
CONNECT WITH THE TEAM
