EMCC European Monitoring Centre on Change

Caterpillar

Company/Organisation:
Caterpillar

Geographic Location

Country: World

Company

Sector: Manufacturing
Manufacture of machinery and equipment n.e.c.
28.92 - Manufacture of machinery for mining, quarrying and construction
Number Employed: 114000
Group: Caterpillar

Employment Effects

Announcement Date: 24-09-2015
Planned Job Reductions min: 5000
Planned Job Reductions max: 10000
Type of Restructuring: Internal restructuring

Additional Information

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.