Caterpillar (CAT -0.5%) will layoff 11% of its workforce at a Decatur, Illinois factory. The...


Caterpillar (CAT -0.5%) will layoff 11% of its workforce at a Decatur, Illinois factory. The company said the move to eliminate 460 jobs is necessary "to bring production in line" with softening demand for mining equipment.

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Comments (3)
  • SivBum
    , contributor
    Comments (2552) | Send Message
     
    wow, no wonder the CEOs get the big checks and options.

     

    Pay Exercised
    Mr. Douglas R. Oberhelman , 60
    Chairman and Chief Exec. Officer 6.51M 3.52M
    5 Apr 2013, 03:37 PM Reply Like
  • Maverick Trader
    , contributor
    Comments (168) | Send Message
     
    I'm thinking there will be more to come at additional factories other than Illinois. Guess you get what you ask for when you vote democrat... a slow, bleeding economy. SMH...
    5 Apr 2013, 03:41 PM Reply Like
  • wishfullthinkin
    , contributor
    Comments (73) | Send Message
     
    Boy, Oberhelman was way off on his outlook for world usage of his equipment.
    5 Apr 2013, 03:52 PM Reply Like
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