2016 saw more reductions in sales and revenues for Caterpillar. That grows on the losses of 2015. Sales and revenue of $38.5 billion represents a more than 30-percent decline over the two year period.
Since the company announced its massive restructuring plans at the end of 2015, it’s cut 16,000 jobs around the globe. Caterpillar’s 2017 outlook also anticipates another $500 million in restructuring costs.