Caterpillar announces layoffs

Posted on December 14, 2016

By RFD News Network

PEORIA – One of the state’s premier companies is announcing layoffs just a week before Christmas.

Caterpillar in Peoria will be making an undisclosed number of layoffs across the company. In a statement the company said that displaced employees will try to move workers into open positions in the company.

The layoffs seem to build on extensive cost cutting plans that started in 2015 with the elimination of 10,000 positions; the company added even more cuts in 2016 and now finishes the year increasing them.

The heavy equipment builder blamed a slowing world economy on cuts.

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