Caterpillar

Type
Internal restructuring
Country
World
Region
Location of affected unit(s)
Sector
Manufacturing
(28) Manufacture of machinery and equipment
28 - Manufacture of machinery and equipment n.e.c.
28 - Manufacture of machinery and equipment n.e.c.
20,000 jobs
Number of planned job losses
Job loss
Announcement Date
27 January 2009
Employment effect (start)
Foreseen end date

Description

Caterpillar, the world´s largest producer of construction and mining equipments, has announced its cost saving plan involving 20,000 job cuts worldwide due to the global economic crisis. As of January 2009, there is no information on when job losses are to be implemented by.

Sources

  • 27 January 2009: Hospodárske noviny

Citation

Eurofound (2009), Caterpillar, Internal restructuring in World, factsheet number 67953, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/67953.