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. 28.11 - Manufacture of engines and turbines, except aircraft, vehicle and cycle engines
100 jobs Number of planned job losses
Announcement Date
11 November 2015
Employment effect (start)
Foreseen end date
Description
Caterpillar, the American owned company which manufactures construction and mining machinery and engines has announced that it is to cut 100 jobs from its operations in Northern Ireland. The job losses will come from its sites in Larne and Monkstown. It is understood that 50 of the positions will be full time, with the remaining 50 losses coming from agency workers. In a statement the company attributed the cuts to key weaknesses in some markets for its products. Falling commodity prices have affected the company's customers in the key sectors of mining and energy. It is not known when the job losses will take effect.
Sources
11 November 2015: BBC Website
11 November 2015: Belfast Telegraph
Citation
Eurofound (2015), Caterpillar, Internal restructuring in United Kingdom, factsheet number 85468, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/85468.
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