Caterpillar to close Virginia mining equipment plant
Caterpillar has announced that it will close its Pulaski, Virginia, plant by mid-2014, according to a report from our sister site, Equipment World.
The plant manufactures mining equipment. The closure will result in 240 layoffs.
This is not the first Caterpillar mining equipment plant to experience layoffs this year. The company has cut 13,000 jobs, amounting to 10 percent of its global workforce, in the last year.
Caterpillar previously announced a combined total of more than 3,000 layoffs from its plants in Kilgore, Texas; South Milwauke, Wisconsin; Decatur, Illinois; Beckley, West Virginia; Tazewell, Virginia; and Sudbury, Ontario; as well as its Large Engine Center in Layfayette, Indiana; its Toronto tunnel-boring machine facility; its South Carolina remanufacturing plant; and its Belgian excavator plant this year.
Both the Kilgore plant and the Toronto tunnel-boring machine facility closed earlier this year, though the company announced in September that some production from the Kilgore plant would be relocated to the South Milwaukee plant.
Equipment World’s report notes that the shutdowns and layoffs are likely related to a “decrease in demand for mining equipment.”
For more details, read the full report at EquipmentWorld.com.
From our partners
Sandvik Construction’s extensive range of rock tools are world renowned for combining advanced materials technology, with skillful design focusing on…
MORE FROM Aggbeat Online
SUBSCRIBE & FOLLOW
- MSHA rolls out new Part 50 training program616 Views
- Caterpillar splits with Navistar, will design and build its own vocational trucks in Texas413 Views
- MSHA highlights second quarter metal/non-metal accidents296 Views
- Mummified human remains found at the site of a planned quarry in Indiana277 Views
- Lafarge NA sells $450 million in assets to Summit Materials244 Views