Tag: Caterpillar Toronto

Business

Caterpillar to layoff 300 at mining facility in Illinois, close tunneling plant in Toronto

In the wake of a first quarter that saw profits tumble 45 percent, mostly due to low demand for mining equipment, Caterpillar continues to make moves to rectify the situation announcing layoffs in Illinois and a plant closing in Toronto. Neither of the moves will affect the company’s earthmoving business. After announcing a round of 500 […]

May 6, 2013