Caterpillar to lay off 200 production workers

US equipment manufacturer, Caterpillar, has announced plans to let go of 200 production employees from its mining equipment division

Caterpillar says the job losses are taking place due to a global decline in demand for heavy-duty mining equipment.
Caterpillar says the job losses are taking place due to a global decline in demand for heavy-duty mining equipment.

Caterpillar has revealed plans to lay off 200 full-time production workers.

The job losses are expected to begin on 19 January, and will take place at plants responsible for the production of mining equipment.

In addition to the 200 full-time staff members expected to leave Cat’s East Peoria, Illinois, and Decatur, Georgia state, plants, it's believed the manufacturer will let go of 40 agency workers.

In a statement concerning the layoffs, Caterpillar said: “We know this is difficult for our employees and their families, and the company plans to offer impacted employees support services during this time.”

The cuts are necessary due to falling demand for mining equipment, according to the US manufacturer.

Most popular

Awards

CW Oman Awards 2020: Meet the winners
A round of the thirteen winning names at the Construction Week Oman Awards 2020 that

Conferences

Leaders UAE 2020: Building a sustainable, 'resilient' infra
AESG’s Phillipa Grant, Burohappold’s Farah Naz, and Samana's Imran Farooq on a sustainable built environment
CW In Focus | Inside the Leaders in KSA Awards 2019 in Riyadh
Meet the winners in all 10 categories and learn more about Vision 2030 in this

Latest Issue

Construction Week - Issue 767
Sep 01, 2020