Caterpillar to close 5 U.S. plants, cut more than 800 jobs
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 it has shed about 5,300 positions so far. Caterpillar has a worldwide workforce is about 11,400.
The plants in North Carolina, South Carolina, Florida and Mississippi designated for closure mostly produce components for Caterpillar machinery and engines.
Their operations will be merged into other Caterpillar plants or assigned to parts suppliers outside of the company during the next 12 months to 18 months. ■