Caterpillar is placing 230 East Peoria workers on indefinite layoffs starting in mid-October. The announcement brings the total layoff number at the East Peoria facility to 500 employees since January. The news comes a week after Cat announced it’s cutting as many as 10,000 jobs in the coming years as it pushes to reduce costs and address downturns in key markets. Caterpillar spokeswoman Lisa Miller says the latest layoffs are in response to current market conditions to bring production in line with demand.
Indefinite Layoffs Announced For 230 Caterpillar Workers
