Caterpillar to Close N.C. Plant

November 2, 2015

Caterpillar disclosed that it will close a North Carolina "Precision Seals" facility, which employs about 122 full-time employees, reports Triad Business Journal.

Caterpillar says approximately 80 employees will be laid off by Summer 2016. The layoffs in Franklin, located in Macon County, will start in January and continue through June 2016.

According to Triad Business Journal, Caterpillar said that the Franklin job cuts are unrelated to the companywide restructuring efforts, and that they were announced to the community at the beginning of 2014. The notice to the state was dated Oct. 28, 2015.