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Tag: Caterpillar cost reduction plan
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 “more aggressive” on cost reduction cuts than anticipated due to market weakness
Caterpillar says weakness in key end markets has caused the company to be “more aggressive” than anticipated in the cuts it has made and the restructuring actions it has taken in the last 13 months as part of a sweeping cost reduction plan. With sales and revenues expected to be down 17 percent to $39 billion, fiscal 2016 will cap the first series […]
October 26, 2016
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