Tag: Caterpillar job cuts

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

Technology

With VP Henricks’s retirement, Caterpillar cuts more jobs in consolidation of tech, R&D efforts

Following a 35-year career with the company, Gwenne Henricks, vice president for the Caterpillar Product Development & Global Technology Division, has announced she will retire from the company. Henricks is the third Cat VP to retire in the last year. Former mining VP Chris Curfman announced his retirement in September and in February former Electric […]

August 19, 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 5 more plants, cut 670 jobs as part of cost reduction plan

As part of the company’s cost reduction plan introduced in the Fall of last year, Caterpillar has announced its latest round of layoffs with cuts affecting five facilities around the U.S. According to a report from the Associated Press, Cat will eliminate a total of 670 jobs and close plants in Illinois, Georgia, New Mexico, Wisconsin and China. However, production at these […]

February 1, 2016

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