View the full cat chart at Wikinvest

Cat Stock Blog

Caterpillar Inc. (NYSE:CAT) stock news and links


More Caterpillar layoffs in the wind?

Merle Widmer at Peoria Watch says he’s hearing that more people will get the heave-ho today; this gibes with some rumors I was told last week, namely that trimming the white-collar ranks would start in earnest this week.

Presumably these are among the non-production jobs mentioned in the most recent earnings report rather than evidence that things are getting even worse. Caterpillar expects this round of cuts to happen by the end of March.

no comments | Permalink | Tags:
Tom Mangan posted at 7:35 am February 9th, 2009 |

Leave a Reply