JUNE 16, 2022 — CATERPILLAR TO RELOCATE HEADQUARTERS TO TEXAS IN 2022
Deerfield, Illinois-based Caterpillar has announced the planned relocation of its headquarters to Irving, Texas.
CAT believes most of its roughly 230 Deerfield corporate employees will move.
According to a company statement…
We believe it’s in the best strategic interest of the company to make this move, which supports Caterpillar’s strategy for profitable growth as we help our customers build a better, more sustainable world,” said Chairman and CEO Jim Umpleby.
Caterpillar has had a presence in Texas since the 1960s across several areas of the company. Illinois remains the largest concentration of Caterpillar employees anywhere in the world.
The company will begin transitioning its headquarters to Irving in 2022.
JUNE 29, 2020 — LAYOFFS COMING TO PONTIAC, ILLINOIS
According to a company spokesperson, “We are taking a variety of actions at our global facilities to reduce production due to weaker customer demand, potential supply constraints, and the spread of the COVID-19 pandemic and related government actions. These actions include layoffs at our Pontiac, Illinois location.” The facility produces fuel system components.
APRIL 30, 2020 — MORE LAYOFFS IN REACTION TO SLOWING ECONOMY AND WORLDWIDE PANDEMIC.
According to a company spokesperson…
"Caterpillar is taking a variety of actions globally to reduce costs due to the impact of the COVID-19 pandemic and to improve our competitiveness during this period of economic uncertainty.
The company notified some members of its workforce that the company is reducing some full-time support, management, and production positions and making reductions in its flexible workforce.
We aren’t going to discuss the numbers of impacted people at each location. The actions are global in nature and impact both employees and agency workers."
Affected areas include Peoria, Illinois; Decatur, Georgia Aurora, Illinois; and some sites in Minnesota.
JANUARY 8, 2020 — TEMPORARY LAYOFFS COMING
A company spokesperson noted, “Caterpillar is implementing temporary layoffs to align production with demand.” The spokesperson did not have the numbers of employees affected nor the locations of layoffs.
NOVEMBER 3, 2019 — 120 WORKERS IN VICTORIA, TEXAS
According to the company, 120 employees in large hydraulic excavator manufacturing operations support functions were laid off on November 1, 2019, to “bring production in line with demand.”
A company spokesperson noted, “This decision is a result of market conditions and is not a reflection on the employees’ performance. The company remains focused on maintaining a competitive and flexible cost structure, including managing production levels. The Victoria facility and employees continue to be an important part of Caterpillar’s global manufacturing footprint.”
WARN NOTICE: 400 CATERPILLAR AURORA EMPLOYEES TARGETED
Caterpillar has notified Illinois state authorities that it will lay off 400 employees at its Aurora facility in Montgomery, Illinois facility commencing at the end of April 2019. There is no question that the site will be permanently closed and the property sold.
DECEMBER 13, 2018 — Original post…
Deerfield, Illinois-based Caterpillar, the iconic manufacturer of earth moving and farming equipment, has announced that it will be closing its heavy machinery plant in Joliet, Illinois, and laying off 285 employees. The company will be shifting its operations to its plant in Monterrey Mexico.
The move should not come as a surprise to employees since Caterpillar announced its intentions to shift operations to Mexico in 2015. when approximately 230 employees were laid off. Caterpillar plans to continue its restructuring activities to meet business demands that are affected by world economic cycles and increasing competition from major equipment manufacturers who are moving into the smaller earth moving and farming business. Other mass layoffs are anticipated soon.
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere ... are you now wondering, Am I Next?