Caterpillar has laid off 120 workers in Texas following its decision to cut production in the wake of president Donald Trump’s trade war with China, says Reuters.
The Illinois-based manufacturer said in October that it was cutting production after sales fell across all product segments and in most regions in the latest quarter.
A company spokeswoman told the news agency that the temporary workers were laid off at a hydraulic excavator facility in Victoria.
Caterpillar’s sales in Asia-Pacific fell 13% as it faced falling demand in China and competition from domestic competitors while revenue in North America fell by almost 3%.
Henry Guajardo, who runs local workforce development agency Workforce Solutions, said dozens of workers have come to his office seeking help since Caterpillar notified his agency about the layoffs.
