Caterpillar is set to cut just over 2,400 more jobs in Illinois, Georgia and Indiana bringing this years cuts to over 24,000. In January, the company offered early retirement packages for 2,000 workers.
Caterpillar to cut 20,000
January 27, 2009 — Colione
Caterpillar moves to cut 20,000 workers as it expects a slowdown in business for 2009. 8,000 workers cut will be contractors not directly employed by the company. Direct workers will amount for about 12,000 of those cut and equals 11% of it’s global workforce.
