Tag: Caterpillar layoffs

Business

Cat makes more layoffs due to coronavirus impacts

Days after the company’s announcement of a 21-percent drop in sales and revenues, Caterpillar has announced another round of layoffs in response to the negative impacts of the COVID-19 coronavirus pandemic. According to reports from CIproud.com and the Peoria Journal-Star, Cat sent an “unspecified amount of employees” layoff notices on Thursday. Cat confirmed to both […]

May 1, 2020

Construction Equipment

Cat to lay off workers in East Peoria due to coronavirus impact

Caterpillar has confirmed its first round of layoffs amid the coronavirus pandemic and the cuts are coming at one East Peoria, Illinois, building. According to a report from WMBD TV, Cat has announced “an unspecified number” of layoffs at East Peoria building KK. Cat spokeswoman Kate Kenny confirmed the layoffs to WMBD and said the […]

March 31, 2020

Dealers

Business Roundup: More Cat layoffs; Equipment makers tell Trump ‘just say no’ to tariffs; CNH Industrial CEO to step down; AEM elects directors; Minnich honors top dealers

Minnich Manufacturing honors top dealers of 2017 Minnich Manufacturing, a leading manufacturer of concrete dowel pin drills, concrete vibrators and vibrator monitoring systems, has announced its top dealers of 2017 according to sales performance. The announcement were made in conjunction with Minnich celebrating its 50th anniversary in 2018, The company is based in Mansfield, Ohio.   To read […]

March 26, 2018

Construction Equipment

Latest round of Cat layoffs could cut upwards of 900 jobs

A new report from Reuters expanding upon news last month out of Waco, Texas, says that Caterpillar’s coming job cuts could impact nearly 900 workers. At the end of February, the Waco Tribune-Herald reported receiving confirmation from Cat that the heavy equipment manufacturer would be closing its Waco Work Tools plant. The plant manufactures excavator […]

March 19, 2018

Construction Equipment

Caterpillar cuts thousands more jobs in Europe as part of cost reduction plan

Caterpillar has announced the latest in a long line of facility consolidations and job cuts as part of the cost reduction plan it initiated last year. According to a report from the Peoria Journal Star, between 200 and 250 jobs will be cut over the next one to two years in Northern Ireland where Cat […]

September 5, 2016

Business

Caterpillar cuts jobs at Tucson Proving Ground

As the company laid out in its most recent earnings report, Caterpillar is making further cuts to its workforce, this time at its Tucson Proving Ground in Arizona. According to a report from the Arizona Daily Star, Cat is making an undisclosed number of job cuts at the facility. The affected employees are not part […]

August 3, 2016

Business

Caterpillar to close Kentucky plant, cut 50 jobs

As part of the company’s ongoing, extensive cost-cutting plan, Caterpillar announced over the weekend that it would close its Danville, Kentucky, facility. According to the Northern Kentucky Tribune, Cat will close the facility, which manufactures track-type undercarriage components, and move production to “other locations.” The closure and transition are expected to be completed by 2017. A […]

November 23, 2015

Construction Equipment

Caterpillar lays off hundreds more, announces plant closing in North Carolina

With thousands of the company’s employees already accepting early retirement packages and hundreds more having received notice of being laid off, Caterpillar has wasted no time in implementing its sweeping cost reduction plan announced in September. And over the last few weeks, the company notified upwards of 1,000 more employees across four facilities, one outside the […]

November 16, 2015

Business

Thousands of Caterpillar employees take early retirement as cuts continue

As Caterpillar begins its extensive workforce cuts around the world, thousands of employees have decided to take an offer of early retirement. Since announcing a cost-cutting plan in September, Caterpillar has laid off hundreds at its East Peoria plant and announced the closing of its global mining headquarters. And with the possibility that the workforce cuts […]

October 28, 2015

Business

Caterpillar to cut 230 workers in East Peoria; may move Joliet parts production to Mexico

The first workforce cuts of Caterpillar’s recently announced, extensive cost-cutting plan will come at the company’s East Peoria, Illinois plant. According to a report from the Peoria Journal Star, Cat will lay off 230 employees in East Peoria. The announcement came days after the company announced that it would cut as many as 10,000 jobs from its global workforce […]

October 7, 2015

Business

Caterpillar plans up to 10,000 job cuts as part of extensive $1.5 billion cost reduction plan

In the midst of a third straight year of down sales and revenues, Caterpillar has announced further cost cutting and restructuring in order to lessen the impact of what will likely be off a fourth-straight down year in 2016—a first in the company’s nearly century-long history. Planning large workforce cuts and the consolidation and closures of its […]

September 24, 2015

Business

Caterpillar to lay off another 475 employees

Caterpillar has announced another round of layoffs, this time releasing 475 employees as the company’s cost-cutting efforts in the face of waning demand continue. According to a report from the Peoria Journal Star, the cuts will affect staff in the Customer Services Support Division. The majority of the layoffs, 300, will affect employees in the Peoria area. […]

August 27, 2015