CAT To Lay Off Hundreds At Decatur Plant

Caterpillar Inc. says it plans to lay off more than 460 employees this June at its plant in Decatur.

Rachel Potts is a spokeswoman for the Peoria-based company. She said Friday that Caterpillar is laying off the employees as part of an ongoing series of production cuts.

Caterpillar has said those cuts are in response to reduced global demand for mining equipment. The plant in Decatur builds products used in mining.

Cuts in some other locations have been temporary. Potts said the Decatur cuts are permanent.

Potts would not say whether more job cuts are planned in the near future.

The cuts come at a tough time for Decatur. The state Department of Employment
Security says the town has the highest unemployment rate among Illinois’ metro
areas at 13.7 percent. (AP)

This entry was posted in economy. Bookmark the permalink.

Comment on this Story

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s