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"A major employer in Decatur has another big announcement after making layoffs just days ago.Fox's Esther Kwon was in Decatur on Friday and some say tell her the announcement is good news.Caterpillar Inc. announced it will be moving manufacturing of some mi", foxillinois.com
"PEORIA — Caterpillar Inc. expects 'significant' reductions in the company work force through creation of a new division and an imminent withdrawal from certain sectors of the mining equipment marketplace. An announcement Thursday followed last month's announcement of additional restructuring costs and forecast of more job cuts when releasing second quarter results that continued a long-term decline in sales. The company has suffered heavy losses in mining equipment sales amid a global", www.sj-r.com
"PEORIA — Caterpillar Inc. on Thursday announced the creation of a new division and an imminent withdrawal from certain sectors of the mining equipment marketplace, with both moves resulting in 'significant' reductions in the company's work force. The largest manufacturer of earth-moving equipment last month announced additional restructuring costs and predicted more job cuts when releasing second quarter results that continued a long-term decline in sales. The company has suffered heavy", www.mortontimesnews.com
"Read 'Caterpillar to explore options for some mining products, cut jobs' on Yahoo Finance Canada . (Reuters) - Caterpillar Inc said on Thursday it would explore options, including a possible divestiture for some of its mining products, and would stop taking orders for machinery specific to underground soft rock mining. The decision for Caterpillar to review its options for products in its mining division indicates more of a long-term decline in global mining instead of a cyclical dip. Chief Executive Office Doug Oberhelman said last month he was not expecting an upturn in mining or oil in 2016.", ca.finance.yahoo.com
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