Caterpillar May Cut up to 10,000 Jobs

September 24, 2015

Caterpillar Inc said it could cut up to 10,000 jobs through 2018 as part of its restructuring and cost reduction plans to save up to $1.5 billion annually.

The company said on Thursday that it would cut 4,000-5,000 jobs by the end of 2016, most of them in 2015.

Caterpillar had 114,233 employees as of Dec. 31, according to Thomson Reuters data.

(Reporting by Ankit Ajmera in Bengaluru)

Logistics News

DP World to Build Two Container Terminals On UAE's East Coast

DP World to Build Two Container Terminals On UAE's East Coast

Maersk Pauses Service via Chornomorsk Amidst Intensified Russian Attacks

Maersk Pauses Service via Chornomorsk Amidst Intensified Russian Attacks

Inland Tank-Barge Safety Guide Updated

Inland Tank-Barge Safety Guide Updated

BY THE NUMBERS: Copper is Cargo Theft King

BY THE NUMBERS: Copper is Cargo Theft King

Subscribe for Maritime Logistics Professional E‑News

Southwest Airlines' third-quarter profits are expected to be below expectations due to fuel prices rising
Alaska Air reports its business has improved despite a fuel-hit quarter
Kinder Morgan's profit exceeds expectations for the second quarter on higher natural-gas volumes