This tag is associated with 6 posts

Caterpillar – To cut up to 5,000 jobs by end of 2016

Shares of heavy-equipment maker Caterpillar (CAT) are down sharply after the company said today it is cutting its sales outlook for the year and will slash as many as 5,000 jobs between now and the end of 2016 in a cost-cutting move amid tough conditions in its energy, mining and construction businesses. Caterpillar also warned that total layoffs could … Continue reading

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

“We’re looking at mining continuing to falter into 2014” says Caterpillar’s Chairman and Chief Executive Continue reading

Belgium / Caterpillar plans to cut 1,400 jobs

Caterpillar Inc (CAT.N), the world’s largest maker of construction equipment, plans to cut 1,400 jobs at a plant near Charleroi in Belgium due to high costs and the weak European economy, the group’s Belgian unit said on Thursday. The cuts will come at the Gosselies site just outside of Charleroi, one of the largest Caterpillar … Continue reading

The geographical shift of the middle class will entail relocalization – World Economic Forum

The geographical shift of the middle class has implications for supply chains says The Future of Manufacturing, A World Economic Forum Report in collaboration with Deloitte Touche Tohmatsu Limited The rise of demand centres in Asia, along with the typical costs that accompany more developed nations, will likely increase localization of production. Increasingly expensive logistics are leading some companies, such as … Continue reading

It’s Time to Bring Manufacturing Back to the U.S. – David Simchi-Levi – Harvard Business Review

A growing number of executives of U.S.-based companies are repatriating their manufacturing capabilities — moving some production operations back from overseas. One such company is Ford, which announced last year that it will move jobs from China and Mexico back to the U.S. Another example is Caterpillar, which is investing $120 million in a new … Continue reading

Caterpillar Brings Jobs to US – Job Mouse

Caterpillar Inc. is set to open a manufacturing plant in northeast Georgia in 2013, the latest in a string of economic development victories for the State. The $200 million factory will employ about 1,400 people and produce construction equipment currently manufactured in Sagami, Japan. The project first reported in November 2011, will begin during the … Continue reading

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