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4-Traders Homepage  >  Equities  >  Nyse  >  Caterpillar Inc.    CAT

Delayed Quote. Delayed  - 07/01 10:00:07 pm
76.45 USD   +0.84%
07/01 CATERPILLAR : to close Westside plant, lay off at least 63
07/01 CATERPILLAR : sculpture symbolizes Decatur's industrial heritage
06/30 CATERPILLAR : Reduces GHG Emissions
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Caterpillar : to close Westside plant, lay off at least 63

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07/01/2016 | 07:06pm CEST

July 01--Caterpillar is closing a Westside plant this year, laying off at least 63 people. The filing with the state said that 63 people at Caterpillar Work Tools, 5801 Highway Ave., would lose their jobs effective Aug. 26-Nov. 30.

But the company confirmed Friday that the facility would close by the end of the year, impacting about 70 positions. It's part of a major restructuring that will result in four other closings around the country.

The plant makes attachments, such as buckets, for Caterpillar machinery. It's the only company-owned facility in Jacksonville. That production will be moved to other locations, the company said.

The company will also close:

-- A facility in Morganton, N.C., that makes engine and undercarriage components, eliminating 110 positions.

-- Facilities in Newberry and Ridgeway, S.C., will close and that work shifted to other Caterpillar plants, cutting about 400 positions.

-- An Oxford, Miss., facility and that makes hose couplings and move those operations to Michigan. That will eliminate about 240 jobs.

Since Caterpiller first announced its restructuring last September, it has eliminated approximately 5,300 positions through the end of the first quarter of 2016. This week's announcements bring the total so far to 20 facilities closing or consolidating.

Roger Bull: (904) 359-4296

___

(c)2016 The Florida Times-Union (Jacksonville, Fla.)

Visit The Florida Times-Union (Jacksonville, Fla.) at www.jacksonville.com

Distributed by Tribune Content Agency, LLC.

© Tribune Content Agency, source Regional News

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