Caterpillar Layoff Job cut: fires 800 employees

Caterpillar the largest earth moving instrument making company of the world has decided to go for massive layoffs - around 800 employees will be fired by the company. This is another setback to the ailing job market and industry of the USA.

How many employees will be fire in the Caterpillar Layoffs?
Around 800 jobs will be cut by Caterpillar.

Which locations will see the Caterpillar Layoff Job cut
The Illinois and North Carolina location will be affected by the job cut.

What are the primary reasons for the Caterpillar Layoff Job cut
Due to the current and ongoing financial crisis, the economic turmoil has resulted in the decline in the demand for caterpillar products.

Which division or segment of employees will be affected in the Caterpillar Layoff Job cut

Aroun 814 production workers at an engine assembly plant in Mossville, Illinois., where volumes have plummeted due to lower demand for engines for on-highway trucks, Caterpillar machines and commercial applications.

When will the Caterpillar Layoff Job cut happen?
the layoffs will begin on February 23, 2009.

Job cuts will also be there for majority of the temporary staff at the North carolina plant. Caterpillar notified the workers at the Clayton and Sanford plants on Thursday afternoon and said it is planning additional non-production days at both factories in 2009
Let's hope that alternative jobs are available to the affected employees of Caterpillar Layoffs Job Cut