Caterpillar to lay off workers due to mining sector slump

Caterpillar will lay off another 50 workers at its East Peoria, Illinois campus on Monday because of a downturn in demand for mining equipment, the company said, Reuters reports.

The latest action brings to 270 the number of  workers Caterpillar has said it will lay off this year at its East Peoria campus. The company employs about 3,900 workers at the site, which is its main manufacturing hub. Last week, the company said it would idle 120 employees from the location, adding to 100 layoffs announced in January 2015.

“Similar to recently announced indefinite layoffs on the East Peoria campus, these impacted employees also manufacture products used in mining and construction industries, which continue to witness weak market conditions,” Lisa Miller, company spokesperson said in a written statement.

The layoffs affect workers represented by the United Auto Workers and are expected to take effect on June 29, the company said.

Caterpillar’s chief executive Doug Oberhelman said in the first quarter earnings released late April the company was expecting “to face headwinds and uncertainty in 2015.”


(Visited 95 times, 1 visits today)

Get involved


As a member of this site you will be able to receive aggregates news relating only to those categories that are most relevant to you, submit job listings for FREE, post questions in the Q&A, and more.

Register Now

Feature your company

The Feature Your Company listing is your custom-made (by us) profile page that allows you to add any of the following content: text, videos, links, images. The page will also be listed on the Featured Company landing page. Over 560 unique aggregates users visit the site per day! Complete the enquiry form now to contact us.

Contact us


Are you looking for an aggregate related job? Click here to see our jobs listing supplied by industry experts United Employment.

See Jobs


Reach thousands of budget holders and decision makers by promoting your company on the longest established aggregate website in the US & Canada. Or advertise in our emails which are sent to opted-in subscribers according to their chosen categories. All advertising will display correctly on tablets and mobiles as this site is responsive.