Caterpillar permanently cuts some jobs, begins rehiring other workers

 

2,500 laid-off employees will be permanently cut from the company and 550 others will be brought back to work by the end of next year.

The workers are among more than 22,000 laid off earlier this year as Caterpillar dramatically scaled back production due to weaker demand amid the global economic downturn. The Peoria-based company has cut 16 percent of its work force, which now stands at just above 94,000.

it's important to remember that we are not close to the record-breaking demand we experienced from 2004 through 2008."

Daily Herald | Caterpillar permanently cuts some jobs, begins rehiring other workers