Caterpillar to Permanently Trim 2,500 Idle Employees

Caterpillar Inc. said it expects to call 550 laid-off employees back to work by the end of next year, but will permanently trim about 2,500 idle employees.

The company on Monday began notifying the employees designated for permanent separation from the construction machinery maker. The company said it will provide severance benefits to those employees, but it didn't specify whether they are from the hourly or salaried employee ranks or where they worked.

Caterpillar also didn't provided details about the employees being called back, other than saying they include management, support and production employees.

Read Full Article from Wall Street Journal

- Posted: 2009-10-26 13:07:03

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