Caterpillar lays off 2,400 workers

March 2009
Las Vegas Business Press (10712186);3/30/2009, Vol. 26 Issue 13, p20
The article announces the plan of Caterpillar Inc. to lay off 2,400 employees at five U.S. plants as part of its cost cutting efforts amid the global economic crisis of 2009. The company has experienced a sharp decline in sales due to a credit crisis and weakened consumer demand. The job cuts follow an announcement in January that the company would eliminate many positions.


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