Caterpillar cuts | Arkansas Blog

Monday, January 26, 2009

Caterpillar cuts

Posted By on Mon, Jan 26, 2009 at 9:56 AM

Caterpillar announces 20,000 job cuts on top of earlier voluntary incentives to retire. Plus, it is freezing most salaries.

No mention of impact on the new 600-employee Caterpillar motor grader plant recently announced for NLR (perhaps because it anticipates costs will be much lower here.)

UPDATE: Roby Brock reports that the NLR plant was discussed in Caterpillar's briefing today. It appears safe. It was described as important to the company's long-term strategic plans.

And I got a quick one-word response to my question to the company about any connection between layoffs and NLR plant: "No."

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