Check out stories from the Peoria Journal Star and the Business Journal.
From the Peoria newspaper …
After months of temporary layoffs and short-term shutdowns, as well as a 45 percent drop in first quarter 2013 profits, Caterpillar Inc. announced layoffs at its Mapleton foundry.
Nearly 60 employees will be placed on indefinite layoff, the first of which will be effective in early May, the first long-term measure to “align manpower with production,” Caterpillar announced Thursday.
A statement from Caterpillar said the recent first quarter statement — which included a 17 percent drop in sales and 45 percent drop in profits from a year ago — showed that its manpower numbers did not align with the 2013 build schedule.
“We regret the impact to our employees and their families,” the statement said.
After months of temporary layoffs and short-term shutdowns, as well as a 45 percent drop in first quarter 2013 profits, Caterpillar Inc. announced layoffs at its Mapleton foundry.
Nearly 60 employees will be placed on indefinite layoff, the first of which will be effective in early May, the first long-term measure to “align manpower with production,” Caterpillar announced Thursday.
The company also announced its East Peoria campus will reopen for third shift on Sunday.
A statement from Caterpillar said the recent first quarter statement — which included a 17 percent drop in sales and 45 percent drop in profits from a year ago — showed that its manpower numbers did not align with the 2013 build schedule.
“We regret the impact to our employees and their families,” the statement said.
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