Peoria Public Radio News
11:47 am
Fri April 26, 2013

Cat to layoff 60 employees

Caterpillar is laying off 60 employees at the Mapleton Foundry. The company says the indefinite layoffs are necessary to align manpower with production. It comes after Cat announced a 45-percent drop in earnings and a 17-percent decrease in sales and revenues. A statement from the company says the layoffs will be effective in early May.