Caterpillar to Lay Off 60 in North Little Rock
Caterpillar Inc. confirmed Thursday that it laying off 60 people at its motor grader manufacturing plant in North Little Rock.
THV 11 News reported Thursday that the company it notified 50 full-time Caterpillar employees and 10 agency workers of their terminations. Caterpillar to lay off 60 in North Little Rock, Arkansas.
Penny Wu, a company spokesman, said the move comes as the motor grader manufacturer aims to “align production with demand.” The layoffs will take place by Monday.
“Caterpillar understands this decision is difficult for the impacted workers and their families, but these actions are necessary to position the company for long-term success,” the company said in a statement.
In April, the company lowered its 2016 sales and earnings outlook amid revenue declines that hurt quarterly profit.
The facility produces eight motor grader models. Production began at the plant in October 2010.
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