Caterpillar Inc. (CAT) announced plans to selectively align production levels with demand and resource requirements. Caterpillar has already started bringing some laid off employees back to work at various facilities, and based on current demand schedules, the company expects to return other employees to jobs as demand increases in the coming months. About 550 laid off U.S. employees have returned or will return to work before the end of 2010, including support, management and production employees.
Also, Caterpillar today began notifying about 2,500 laid off U.S. employees that they will be separated from the company. The company is offering a separation package for those employees. A breakdown of impacted employees by location will not be provided.
Looking forward, Caterpillar will adjust its workforce as production levels and resource requirements change. These actions may vary from business unit to business unit within the company.
Last week, Caterpillar updated its outlook for 2009 and issued a preliminary sales and revenues outlook for 2010.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.