Caterpillar to shut 5 U.S. plants, cut more than 800 jobs
Caterpillar Inc. said Thursday it will close five U.S. plants and shed about 820 positions as the construction-equipment maker continues to scale back its production and workforce in response to falling demand.
The cutbacks are part of a strategy outlined by the Peoria, Ill.-based company in September to trim its workforce by about 10,000 positions and close or consolidate about 20 facilities through 2018. The company said Thursday it has shed about 5,300 positions so far.