Caterpillar

Type
Internal restructuring
Country
World
Region
Location of affected unit(s)
Sector
Manufacturing
Manufacturing Of Machinery And Equipment
Manufacture Of Machinery And Equipment N.E.C.
28.92 - Manufacture of machinery for mining, quarrying and construction
5,000 - 10,000 jobs
Number of planned job losses
Job loss
Announcement Date
24 September 2015
Employment effect (start)
Foreseen end date

Description

US manufacturer of mining and energy equipment, Caterpillar, has announced the loss of between 5,000 and 10,000 jobs in it global operations. The company blames declining demand for its products related to the slump in commodity prices. The company has already reduced its headcount by over 30,000 since mid-2012. 

Sources

  • 24 September 2015: Reuters

Citation

Eurofound (2015), Caterpillar, Internal restructuring in World, factsheet number 88493, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/88493.