Internal restructuring
United Kingdom
Northern Ireland;
Location of affected unit(s)
Monkstown, Larne and Springvale
Manufacturing Of Machinery And Equipment
Manufacture Of Machinery And Equipment N.E.C.
28.11 - Manufacture of engines and turbines, except aircraft, vehicle and cycle engines

200 - 250 jobs
Number of planned job losses
Job loss
Announcement Date
1 September 2016
Employment effect (start)
1 September 2016
Foreseen end date
1 September 2018


US heavy construction manufacturer, Caterpillar has announced plans to cut between 200 and 250 jobs from factories located in Northern Ireland. The company had 1,800 workers in Northern Ireland. Caterpillar has announced it will close its factory at Monkstown in Newtownabbey, end production of 25 tonne or larger material handlers and restructure sites in Larne in County Antrim and Springvale in west Belfast. The cuts are as a result of reduced demand for its products because of deterioration in global mining and oil exploration. The company has already reduced the workforce in Northern Ireland by more than 1,000 workers since 2011 and has reduced the size of its global workforce by almost 14,000 jobs since the middle of 2015.


  • 1 September 2016: BBC News Northern Ireland
  • 1 September 2016: BBC News Northern Ireland


Eurofound (2016), Caterpillar, Internal restructuring in United Kingdom, factsheet number 88459, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/88459.