It is all over the internet - Caterpillar is about to cut around 700 jobs in Illinois! Yeah I know - restructuring and bla bla bla, but can anyone say how many people and where exactly?
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The Tech Center let over 150 people go on Friday the 26th, no news coverage, just the way Cat likes it. No contractors were let go. A manager was said to have responded that they want to keep their flexible work force for future layoffs now. They are closing a plant in Texas that makes room and pillar mining machines...divesture. Typical Cat, buy high and dump low. I bet Kumatsu will be much smarter with their purchase of Joy Global. The CEO of this company should have been let go a long time ago.
There were significant layoffs in advanced components division and Product Development &Technology group. This company is sadly not the shining star it used to be in years past.
I know that the Houston plant is about to close, had no idea about Illinois. Sorry