Tag: Caterpillar jobs

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

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

Construction Equipment

Caterpillar to shutter global mining HQ, move jobs to South Milwaukee

Just weeks after Caterpillar announced a massive cost reduction plan and the departure of its top mining executive, the equipment manufacturer has decided to close down its global mining equipment headquarters in Oak Creek, Wisconsin. The good news for the employees at the $8.6 million Oak Creek facility is that all 250 jobs at the location will transitioned to a […]

October 9, 2015

Business

Caterpillar mining VP retires amid leadership shakeup

Chris Curfman, the chief mining executive at Caterpillar, will retire at the end of the year, ending a more than 20-year career at the company. Caterpillar announced the move this week amid big changes for the company, including a massive $1.5 billion cost reduction plan and a restructuring of leadership within the Mining Sales and Support Division, […]

September 25, 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 cut 230 jobs from Illinois plant in move of 2 production lines to Mexico

Caterpillar has announced that it will cut hundreds more manufacturing jobs, this time at its Joliet, Illinois facility as part of its continuing efforts to cut costs. According to a report from the Joliet Herald-News, Cat will cut 230 jobs at the plant and will move production of gear and engine oil valves to a plant in Monterrey, Mexico. […]

March 23, 2015

Business

Caterpillar to shut down South Carolina engine plant, relocate production, cut 510 jobs

Caterpillar has announced that it is relocating production of engines from a plant in Fountain Inn, South Carolina to plants in Georgia and Texas. In all, the move will eliminate 380 full-time and 130 temporary jobs. Caterpillar is offering severance packages to the full-time employees and says that some of those employees may be considered […]

April 30, 2014