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February 1, 2016

Caterpillar closing 5 plants, cuts 670 jobs

PEORIA, Ill. (AP) — Caterpillar says it plans to close five plants, causing a net reduction of about 670 jobs in Illinois and several other states, as part of a broader cost-cutting campaign announced last year.

The mining and construction equipment company will cut about 230 jobs for office and production workers at a major manufacturing campus in East Peoria, Illinois, where Caterpillar says it's consolidating some manufacturing and transferring some work to outside contractors. Another 120 employees there will be placed on indefinite layoff.


 
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