Manufacture of machinery and equipment n.e.c.
28.92 - Manufacture of machinery for mining, quarrying and construction
Planned Job Reductions min:
Planned Job Reductions max:
Type of Restructuring:
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.