Job Cuts, Caterpillar Inc | featured news

(Image from article: "Caterpillar says to cut 20,000 jobs")

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Caterpillar to axe 2,500 workers

Caterpillar, the world's largest maker of construction and mining equipment, says it will permanently cut 2,500 jobs.

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Caterpillar says to cut 20,000 jobs

CHICAGO (Reuters) - Caterpillar Inc said on Monday that quarterly earnings fell more than 32 percent and warned of a tough year ahead as the downturn that began in the United States metastasized into a full-blown global recession that hit sales of its earth-moving equipment.

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