March 17, 2009

Caterpillar to lay off another 2,500 workers

Caterpillar Inc., gearing down production even further in response to still-eroding global demand, disclosed plans Tuesday to idle an additional 2,454 U.S. workers, including 1,726 in Illinois.

The Peoria-based heavy-equipment giant has already announced 22,000 job cuts worldwide, with a good portion of those cuts in Caterpillar’s home state.

Now it is making additional longterm layoffs in Auroroa and East Peoria, although most of those workers will be able to return to work when demand improves in the future.

Source: Chicago Tribune

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