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Caterpillar announces closure of five more plants
- May 10, 2016
- News Release
- Shop Management
Heavy equipment manufacturer Caterpillar Inc., based in Peoria, Ill., has announced it will close five more factories in reaction to slowing demand for construction and mining equipment worldwide. The closures will eliminate 820 jobs.
- In 2017 the Oxford, Miss., plant, with 240 employees stamping metal hose couplings, will shift some production to Caterpillar's plant in Menominee, Mich., and some work to outside suppliers.
- A 325-employee electric generator packaging facility in Newberry, S.C., and a 75-employee generator assembly panel plant in Ridgeway, S.C., will shift work to company plants in Seguin, Texas; Lafayette, Ind.; and Griffin, Ga.
- A 70-worker bucket and work tool plant in Jacksonville, Fla., will shift work to outside suppliers.
- A 110-worker engine and undercarriage component plant in Morganton, N.C., will shift work to other company plants and suppliers.
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The Fabricator is North America's leading magazine for the metal forming and fabricating industry. The magazine delivers the news, technical articles, and case histories that enable fabricators to do their jobs more efficiently. The Fabricator has served the industry since 1970.
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- Podcasting
- Podcast:
- The Fabricator Podcast
- Published:
- 04/30/2024
- Running Time:
- 53:00
Seth Feldman of Iowa-based Wertzbaugher Services joins The Fabricator Podcast to offer his take as a Gen Zer...
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