Thousands of jobs in the firing line at Caterpillar

27th September, 2015
4
Caterpillar ‘backhoe’ diggers wait for shipment; the company has been hit by downturns in the mining industry

US manufacturing giant Caterpillar has announced a massive cost-cutting programme, which could see more than 10,000 jobs lost by the end of 2017.

“We are facing a convergence of challenging marketplace conditions in key regions and industry sectors – namely in mining and energy. While we’ve already made substantial adjustments as these market conditions have emerged, we are taking even more decisive actions now.”

Caterpillar chief executive Doug Oberhelman

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

Content is king – just ask Netflix as rivals attempt to steal its crown

Tom Maguire: Tax changes we make now could help business for years