In the News

Caterpillar / Has cut more than 13,000 jobs over the past year

Caterpillar said it had temporarily shuttered some plants, furloughed thousands of salaried and management employees, and reduced its full-time workforce by 3,000 workers during the third quarter. Over the past year, the company has cut more than 13,000 jobs – about 10 percent of the global total.

It said additional workforce reductions and the consolidation of plants were possible.

“We’re restaging our business, in construction, mining and energy, in a way to reduce costs so that when we see a return to revenue – which we will see – it’s going to be a very nice time for us and we’ll all be smiling again,” Oberhelman, Caterpillar Chairman and Chief Executive,  told CNBC.

“But right now, we’re looking at mining continuing to falter into 2014.”

Chosen excerpts by Job Market Monitor. Read the whole story at 

'Chicago-area manufacturers_ shortage of skilled workers will crimp next year's growth - chicagotribune_com' - www_chicagotribune_com_business_ct-biz-1116-small-manfacturers--20121116,0,

via Caterpillar posts lower results, cuts outlook again – chicagotribune.com.

Related Post

Layoffs / The Incredible Shrinking Mining Sector

POSTED BY  ⋅ JUNE 26, 2013 ⋅ 7 COMMENTS

Who will be left to mine the world’s metals and minerals? As prices for gold, silver, copper, uranium, and iron ore continue to fall, miners are increasingly turning to layoffs to help meet the need to contain costs. Continue reading »

 

Discussion

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Jobs – Offres d’emploi – US & Canada (Eng. & Fr.)

The Most Popular Job Search Tools

Even More Objectives Statements to customize

Cover Letters – Tools, Tips and Free Cover Letter Templates for Microsoft Office

Follow Job Market Monitor on WordPress.com

Enter your email address to follow this blog and receive notifications of new posts by email.

Follow Job Market Monitor via Twitter

Categories

Archives

%d bloggers like this: