Advertisement
YOU ARE HERE: LAT HomeCollectionsEquipment

Business Briefing / Equipment

Caterpillar to cut 2,400 workers

March 18, 2009|Times Wire Reports

Caterpillar Inc. announced plans to lay off more than 2,400 employees at five plants in Illinois, Indiana and Georgia as the heavy-equipment maker continues to cut costs amid the global economic downturn.

Peoria, Ill.-based Caterpillar, the world's largest maker of mining and construction equipment, has seen its sales wither as the sluggish world economy and credit crisis weaken demand for its products.

Advertisement
Los Angeles Times Articles
|
|
|