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.
Cat to layoff 60 employees
By Denise Molina • Apr 26, 2013