Location: Texas, USA.
Based on news reporting.
Caterpillar Inc. has laid off 120 workers at its Texas plant as a direct consequence of the ongoing trade war. The layoffs were necessary to adjust to the challenging economic environment and reduced demand for certain products. This decision reflects the company's efforts to streamline operations in response to external pressures affecting the manufacturing sector. The affected employees were notified of their termination on October 1, 2023. Caterpillar continues to navigate the complexities of international trade policies that have impacted its business operations significantly.
Caterpillar Inc. cut 120 jobs as of October 1, 2023.
That is roughly 0.1% of the 113,200 people Caterpillar Inc. employs.
LayoffTalk has tracked 4 layoff events at Caterpillar Inc. since October 2023, affecting a combined 230 employees.
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