Cat Will Restructure; Reduce Workforce

Sept. 29, 2015 – It is going to be tough medicine for Big Yellow. Caterpillar has announced significant restructuring and cost reduction actions that are expected to lower operating costs by about $1.5 billion annually once fully implemented, according to the company. These steps will begin in late 2015 and reflect recent, current and expected market conditions. For 2015, the company’s…

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