Caterpillar starts layoffs two weeks early
Posted April 02, 2009 11:00 pm
DECATUR -- Caterpillar is speeding up layoff plans at a central Illinois plant, letting go of more than 1,000 workers two weeks early with pay.
The Peoria-based heavy equipment manufacturer started sending the workers from its Decatur plant home on Thursday. The company had planned to keep them on through April 13.
Caterpillar said it decided to speed up its layoffs at the plant because of slowing demand for its mining trucks and earth moving equipment.
Caterpillar spokesman Jim Dugan says the workers will be paid through April 13.
Layoffs in Decatur are part of more than 24,000 job cuts the company is making worldwide.
Article Comments
Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked.
If a comment violates these standards or our terms of service, click the "flag" link in the lower-right corner of the comment box. To find our more, read our FAQ.