Heavy equipment manufacturer blames "weak market conditions;" marks third round of layoffs this year.
June 24, 2015
by The Canadian Press
PEORIA, Ill. — Caterpillar Inc. says it will lay off 50 more workers at its East Peoria plant in addition to the 120 layoffs announced last week.
Company spokeswoman Lisa Miller says all 170 layoffs are effective June 29 and are the result of “weak market conditions.”
She says Caterpillar plans to offer support services to the impacted employees.
The announcement marks the third round of layoffs this year at the plant in East Peoria. An additional 120 workers were laid off in January.
The (Peoria) Journal Star reports that Caterpillar announced in May that it would lay off 150 workers at its Decatur plant due to weak demand for the mining equipment manufactured there.
© 2015 The Canadian Press