Caterpillar adds 2,000 job cuts to 20,000 announced
Caterpillar, the US construction equipment maker, said Friday it would slash an additional 2,000 jobs on top of the 20,000 cuts announced four days ago to deal with poor business conditions.
Caterpillar said a total of 2,110 production employees would be laid off at three plants in Illinois, beginning in April.
"These actions are in response to lower demand for products made at the Illinois facilities," the Peoria, Illinois-based manufacturer said in a statement.
“As previously announced, Caterpillar is rapidly executing strategic 'trough' plans and implementing actions throughout the company to deal with a very challenging global business environment," it said.