Tags: CAT

Caterpillar to close 5 more plants, cut 670 jobs as part of cost reduction plan

Feb 02, 2016

Caterpillar to close 5 more plants, cut 670 jobs as part of cost reduction plan

As part of the company's cost reduction plan introduced in the Fall of last year, Caterpillar has announced its latest round of layoffs with cuts affecting five facilities around the U.S. According to a report from the Associated Press, Cat will eliminate a total ...

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Caterpillar profit fell 43% in 2015; 4Q loss comes as construction, mining sales weaker than expected

Feb 01, 2016

Caterpillar profit fell 43% in 2015; 4Q loss comes as construction, mining sales weaker than expected

Despite slashing its sales outlook in tandem with an October announcement of a sweeping cost reduction plan, Caterpillar's full-year sales still fell below that most recent forecast after sales fell $3 billion year over year in the fourth quarter. The company reported 4Q sales and ...

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Judge throws out ICP’s antitrust suit against Caterpillar, Komatsu and Volvo CE

Jan 27, 2016

Judge throws out ICP’s antitrust suit against Caterpillar, Komatsu and Volvo CE

A lawsuit filed against three of the largest manufacturers of construction equipment alleging that they worked together to limit competition from Chinese manufacturers has been thrown out of federal court. According to a report from the Wall Street Journal, U.S. District Judge Richard ...

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Johnson to replace Rapp as president of Caterpillar’s Resource Industries group

Jan 19, 2016

Johnson to replace Rapp as president of Caterpillar’s Resource Industries group

The Caterpillar board of directors has elected Denise Johnson as the next group president for Resource Industries. Johnson will replace Ed Rapp who last month announced his plans to retire due to a recent diagnosis of Amyotrophic Lateral Sclerosis (ALS), better known ...

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Caterpillar says compact wheel loader is the fastest growing compact machine in North America

Dec 28, 2015

Caterpillar says compact wheel loader is the fastest growing compact machine in North America

Compact wheel loaders have been the fastest growing compact machine in North America year, says B. J. Meier, senior product engineer, Caterpillar. As of early November, unit sales for these machines shot up 30 percent in 2015. Still, compact wheel loader ...

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Caterpillar’s online fleet management quiz is quick way to get acquainted with telematics

Dec 09, 2015

Caterpillar’s online fleet management quiz is quick way to get acquainted with telematics

Much of Caterpillar's focus as of late, beyond its corporate focus of drastically reducing costs, has been on technology. Specifically, outfitting machines with more technology and sensors so that Cat customers are able to mine the most minute operation data ...

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Caterpillar to close Kentucky plant, cut 50 jobs

Nov 23, 2015

Caterpillar to close Kentucky plant, cut 50 jobs

As part of the company's ongoing, extensive cost-cutting plan, Caterpillar announced over the weekend that it would close its Danville, Kentucky, facility. According to the Northern Kentucky Tribune, Cat will close the facility, which manufactures track-type undercarriage components, and move production to ...

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Caterpillar lays off hundreds more, announces plant closing in North Carolina

Nov 18, 2015

Caterpillar lays off hundreds more, announces plant closing in North Carolina

With thousands of the company's employees already accepting early retirement packages and hundreds more having received notice of being laid off, Caterpillar has wasted no time in implementing its sweeping cost reduction plan announced in September. And over the last few weeks, ...

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Thousands of Caterpillar employees take early retirement as cuts continue

Oct 28, 2015

Thousands of Caterpillar employees take early retirement as cuts continue

As Caterpillar begins its extensive workforce cuts around the world, thousands of employees have decided to take an offer of early retirement. Since announcing a cost-cutting plan in September, Caterpillar has laid off hundreds at its East Peoria plant and announced the ...

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Caterpillar CEO voices confidence in strength of key industries despite 64% profit decline in 3Q

Oct 25, 2015

Caterpillar CEO voices confidence in strength of key industries despite 64% profit decline in 3Q

After preparing everyone last month for the likelihood of continued bad news on the financial front with the launch of an extensive cost-cutting plan, Caterpillar has announced another down quarter with double digit decreases to both sales and profit. Cat sales ...

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Caterpillar to cut 230 workers in East Peoria; may move Joliet parts production to Mexico

Oct 14, 2015

Caterpillar to cut 230 workers in East Peoria; may move Joliet parts production to Mexico

The first workforce cuts of Caterpillar's recently announced, extensive cost-cutting plan will come at the company's East Peoria, Illinois plant. According to a report from the Peoria Journal Star, Cat will lay off 230 employees in East Peoria. The announcement came days after the company ...

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Caterpillar closes headquarters of global mining division, moves jobs to different facility

Oct 08, 2015

Caterpillar closes headquarters of global mining division, moves jobs to different facility

Just weeks after Caterpillar announced a massive cost reduction plan and the departure of the top mining executive, the equipment manufacturer has decided to close down its global mining equipment headquarters in Oak Creek, Wisconsin. The good news for the employees at the ...

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