Caterpillar making further cuts in hours-WEB ONLY

  • Comments
  • Print
Listen to this story

Subscriber Benefit

As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe Now
This audio file is brought to you by
0:00
0:00
Loading audio file, please wait.
  • 0.25
  • 0.50
  • 0.75
  • 1.00
  • 1.25
  • 1.50
  • 1.75
  • 2.00



Normal
0


false
false
false







MicrosoftInternetExplorer4






Normal
0


false
false
false







MicrosoftInternetExplorer4




Caterpillar Inc. again is
cutting the hours of employees at its locations in Lafayette, the Peoria, Ill.-based company
said in a notice to state officials.

Nearly 160 workers at Caterpillar Logistics Services Inc. will have their hours
reduced by at least half starting Aug. 24, the company said. The new work
schedule is expected to last for more than six months.

Last month, Caterpillar said
985 non-union workers at its Large
Engine Center

also would have their hours cut by at least half, beginning on the same day in
August. The reduction could last for more than six months as well.

The cutback in hours is the
latest in a string of cost-saving measures the company is implementing to deal
with slumping sales.

Please enable JavaScript to view this content.

Story Continues Below

Editor's note: You can comment on IBJ stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Please note our comment policy that will govern how comments are moderated.

Big business news. Teeny tiny price. $1/week Subscribe Now

Big business news. Teeny tiny price. $1/week Subscribe Now

Big business news. Teeny tiny price. $1/week Subscribe Now

Big business news. Teeny tiny price. $1/week Subscribe Now

Your go-to for Indy business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Your go-to for Indy business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Your go-to for Indy business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Your go-to for Indy business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In