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Caterpillar Inc Lays Off 460 Workers-Reuters

Friday, 5 Apr 2013 02:06pm EDT 

Reuters reported that Caterpillar Inc was laying off 460 workers at a U.S. plant that makes mining equipment. The layoffs will affect about 11% of the workforce at the Decatur, Illinois, factory and reflect softening demand from the global mining industry, which is cutting back on capital investment because of a retreat in commodity prices. The job cuts would take effect in 60 days. 

Company Quote

25 Nov 2014