Caterpillar's Latest Restructuring Move Could Cut 880 Jobs

Reuters: Business News, Reuters: Business
Fri, 03/16/2018 - 11:27am

CHICAGO (Reuters) - Caterpillar Inc will close two facilities in Texas and Panama and is also considering shutting its engine manufacturing plant in Illinois as part of a strategy to boost profitability and better handle business cycles, but the move could cut 880 jobs.

Topics: chicago reuters caterpillar inc texas panama illinois move could cut jobs

Place your ad here
Loading...

BING NEWS:

Under Armour Launches Restructuring Plan as Declines Continue
Under Armour announced plans for a restructuring following disappointing results in Q4 and fiscal year 2024 (ended March 31, 2024).
05/17/2024 - 3:56 am | View Link
Under Armour announces restructuring plan, warns of sales decline
Under Armour Inc. will undertake an 18-month restructuring plan that will include layoffs as CEO Kevin Plank looks to streamline the business just a few months after returning to ...
05/16/2024 - 5:09 am | View Link
Converse to cut jobs as part of Nike's cost-savings plan
Footwear brand Converse will cut jobs as part of parent company Nike's on-going $2 billion cost savings plan, a source familiar with the matter said on Tuesday.
05/14/2024 - 11:11 am | View Link
Motional cut about 550 employees, around 40%, in recent restructuring, sources say
Around 550 employees across autonomous vehicle company Motional have been laid off, according to information taken from WARN notice filings and sources at ...
05/14/2024 - 8:14 am | View Link
Fed to cut rates in September, say nearly two-thirds of economists
The U.S. Federal Reserve will cut its key interest rate twice this year, starting in September, according to a stronger majority of economists polled by Reuters who broadly raised their inflation ...
05/13/2024 - 1:55 am | View Link
More

More Movie News

More Business News

Saunders Mosby's Viewpoint: Emotional intelligence in D&I
BizJournals, Friday - 05/17/2024 - 03:15 PM
"Leaders must genuinely honor the universal importance of visibility, respect, value and protection for all individuals within organizations."
More | Talk | Read It Later | Share
Ruling drops in legal challenge to Oregon's hospital M&A oversight law
BizJournals, Friday - 05/17/2024 - 03:15 PM
Oregon lawmakers enacted the merger oversight law in an effort to stem higher health care costs and protect access to care.
More | Talk | Read It Later | Share
See inside: Modern home in Las Campanas blends modern and natural
BizJournals, Friday - 05/17/2024 - 03:13 PM
For those looking for a more modern approach to high-end Santa Fe homes, a new listing in the gated Las Campanas neighborhood may be of interest.
More | Talk | Read It Later | Share
Here's how much the Grizzlies' first-round pick could make next season
BizJournals, Friday - 05/17/2024 - 03:12 PM
The Memphis Grizzlies have a top-10 pick in the 2024 NBA Draft and could play an important part in retooling the roster this offseason.
More | Talk | Read It Later | Share
8 things to know, including Film Tampa Bay's Cannes festival appearance and stroke prevention in Sarasota
BizJournals, Friday - 05/17/2024 - 03:11 PM
The TBBJ editor's weekly news rundown includes a curated roundup of other compelling Tampa Bay area business news.
More | Talk | Read It Later | Share
Northwest Houston businesses, schools' power outages and damage cleanup continue (unlocked)
BizJournals, Friday - 05/17/2024 - 03:08 PM
This story is unlocked for all readers. Businesses in the northwest Houston area are recovering after severe storms caused wind damage, some flooding and extensive power outages throughout the greater Houston area. According to Space City Weather meteorologist Matt Lanza, wind speeds over 100 miles per hour were picked up in Waller County the evening of May 16 before progressing south of U.
More | Talk | Read It Later | Share

Caterpillar's Latest Restructuring Move Could Cut 880 Jobs

Welcome to Wopular

MoviesWithButter : Our Sister Site

More Business News