LayoffBlog.com

January 30, 2009

Caterpillar Announces Second Layoff Wave This Week

According to CNBC: “Caterpillar said it was laying off an additional 2,110 workers, bringing the week’s total to about 22,000, as the company scrambles to cope with a downturn in demand for its construction and mining equipment.”

“On Monday the company said it was cutting nearly 20,000 jobs and warned of a tough year ahead, with worldwide economic weakness gutting orders for it earth-moving equipment.”

~News submitted by upthecreek

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