Cat to Lay Off 50 More Workers at Illinois Campus

June 23, 2015

 

 

Caterpillar will lay off an additional 50 workers at its East Peoria, Ill., campus due to a downturn in the demand for mining equipment, reports Business Insider. The company currently employs 3,900 workers at the site.

The company recently said it would lay off 120 employees from the location, adding to 100 layoffs announced in January 2015 bringing the total number of lost jobs to 270.

"Similar to recently announced indefinite layoffs on the East Peoria campus, these impacted employees also manufacture products used in mining and construction industries, which continue to witness weak market conditions," Lisa Miller, company spokesperson said in a written statement.

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