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... divestiture. 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.