Company/Organisation:
Caterpillar
Geographic Location
Country:
World
Company
Sector:
Manufacturing
Manufacture of machinery and equipment n.e.c.
28 - Manufacture of machinery and equipment n.e.c.
Number Employed:
112000
Employment Effects
Announcement Date:
27-01-2009
Planned Job Reductions min:
20000
Planned Job Reductions max:
20000
Type of Restructuring:
Internal restructuring
Additional Information
Caterpillar, the world´s largest producer of construction and mining equipments, has announced its cost saving plan involving 20,000 job cuts worldwide due to the global economic crisis. As of January 2009, there is no information on when job losses are to be implemented by.
Sources:
27-01-2009Hospodárske noviny