The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacturing Of Machinery And Equipment Manufacture Of Machinery And Equipment N.E.C. 28 - Manufacture of machinery and equipment n.e.c.
170 jobs Number of planned job losses
Announcement Date
24 October 2008
Employment effect (start)
24 October 2008
Foreseen end date
24 October 2008
Description
Caterpillar, an engineering company who make construction equipment, has announced that it has cut 170 jobs at its factory in Peterlee, County Durham. The company currently employs 1,000 at the factory, and those who have lost their jobs were temporary workers employed through Parkhouse recruitment agency. The company attributed the job losses to the economic slowdown.
Sources
24 October 2008: BBC News
Citation
Eurofound (2008), Caterpillar, Internal restructuring in United Kingdom, factsheet number 67278, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67278.
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