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Caterpillar Inc To Close Another Mining Equipment Plant And Lay Off 240 Additional Workers-Reuters

Friday, 15 Nov 2013 05:56pm EST 

Reuters reported that Caterpillar Inc said that it will close another plant and lay off 240 additional workers as it continues to respond to a sharp drop in demand for its earth-moving products from customers in the mining industry. The planned shutdown of the Pulaski, Va. facility, which makes coal haulers and other equipment, is expected to be completed by mid-2014. It is the latest in a series of such closures announced by the Peoria, Ill-based heavy equipment maker. 

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