Caterpillar

Type
Internal restructuring
Country
United Kingdom
Region
North East (England); Northumberland, Durham and Tyne & Wear; Durham
Location of affected unit(s)
Peterlee
Sector
Manufacturing
(28) Manufacture of machinery and equipment
28 - Manufacture of machinery and equipment n.e.c.
28 - Manufacture of machinery and equipment n.e.c.
170 jobs
Number of planned job losses
Job loss
Announcement Date
24 October 2008
Employment effect (start)
24 October 2008
Foreseen end date
24 October 2008

Description

Caterpillar, an engineering company who make construction equipment, has announced that it has cut 170 jobs at its factory in Peterlee, County Durham. The company currently employs 1,000 at the factory, and those who have lost their jobs were temporary workers employed through Parkhouse recruitment agency. The company attributed the job losses to the economic slowdown.

Sources

  • 24 October 2008: BBC News

Citation

Eurofound (2008), Caterpillar, Internal restructuring in United Kingdom, factsheet number 67278, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/67278.