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Tag: Caterpillar plant closings
Business
Cat to close some facilities due to coronavirus impact on demand as company withdraws 2020 outlook
Caterpillar announced Thursday that it will temporarily close some of its manufacturing facilities in response to the coronavirus outbreak. The company has also withdrawn its 2020 earnings outlook due to the economic uncertainty surrounding the global pandemic. The heavy equipment maker says that while the majority of U.S. facilities remain open and operational, operations have […]
March 26, 2020
Construction Equipment
Caterpillar to close attachment manufacturing facility in Iowa
A facility in Elkader, Iowa, is the latest Caterpillar plant to see an announced closing date as the companys continues its cost reduction efforts. According to a report from KCRG TV, the Elkader facility manufactures excavator buckets, wheel loader buckets and dozing blades. The move will cut 75 jobs, the station reports, and Caterpillar says it will be […]
March 21, 2017
Business
The latest in a string of closings, Caterpillar to shutter Virginia mining equipment plant, lay off 240 workers
The decrease in demand for mining equipment is still hurting Caterpillar as the company has announced plans to close another mining equipment plant and lay off an additional 240 workers. The Pulaski, Virginia plant manufactures coal haulers and other equipment and is slated for shutdown by mid-2014, according to a report from Reuters. The announcement is […]
November 18, 2013
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