Caterpillar earth moving equipment.

Scott Olson | Getty Images
Caterpillar earth moving equipment.

Caterpillar says it plans to close five plants and trim about 670 jobs in Illinois and several other states, in the latest phase of a larger cost-cutting campaign announced last year.

The mining and construction equipment company will cut about 230 jobs for office and production workers at a major manufacturing campus in East Peoria, Illinois, where Caterpillar says it’s consolidating some manufacturing and transferring some work to outside contractors. Another 120 employees there will be placed on indefinite layoff.

Caterpillar said other consolidation efforts will add some jobs at a facility in Pontiac, Illinois, while cutting more positions in Thomasville, Georgia; Santa Fe, New Mexico; Prentice, Wisconsin and other sites.

 

Continue reading hereĀ http://www.cnbc.com/2016/01/29/caterpillar-closing-5-plants-cutting-670-jobs.html

As heard on The Hagmann Report
Douglas J. Hagmann
Douglas J. Hagmann has been a licensed investigator in the private sector for the last 30 years. As a private detective, Hagmann has worked well over 5,000 cases and is recognized as a surveillance specialist. He has worked as an informational and operational asset for various federal and state law enforcement agencies. Doug Hagmann now hosts a popular radio and video talk show each weeknight from 7:00-10:00 PM ET on the Global Star Radio Network and simulcast on YouTube and other venues.