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 - 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.