caterpillar to cut thousands of jobs close plants
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Caterpillar to cut thousands of jobs, close plants

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Caterpillar
New York - Arab Today

US manufacturing giant Caterpillar announced a major cost-cutting program Thursday that could shutter more than 20 facilities and eliminate more than 10,000 jobs.

Caterpillar, which manufactures heavy industrial equipment, said it will cut 4,000-5,000 jobs by the end of 2016 and could eliminate more than 10,000 positions. The moves are a response to weakness in the mining and energy sectors, two of Caterpillar's core areas.

 

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caterpillar to cut thousands of jobs close plants caterpillar to cut thousands of jobs close plants

 



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