Komatsu Announces Layoffs at Mining Equipment Plant

March 7, 2013

Komatsu America says it will lay off employees at its Peoria, Ill. facility over the course of several weeks.

The facility employees almost 600, but the company says its union agreement prevents it from saying how many will be laid off pending notification of the union.

Komatsu mining equipment is manufactured at the facility, and the layoffs are predicated on significantly slowed orders, the company says.

“We believe that what we are currently seeing is a temporary drop in demand, and remain confident in the long term viability of the mining market, and are equally confident that as the market picks back up that we will be recalling these laid off employees,” the company said in a statement.