Caterpillar announces major layoffs
MILWAUKEE --- Construction and mining equipment company Caterpillar has announced they will be laying off employees at various locations, including a facility in South Milwaukee.
The company won't release specific numbers of people affected by the layoffs but it's estimated that about 40% of the workforce at the South Milwaukee location will lose their jobs.
Caterpillar released the following statement confirming the layoffs:
"Various Caterpillar facilities and business units are taking action to bring our production in line with demand, including our operations in South Milwaukee. This includes some short-term temporary layoffs and other actions. Theses actions vary from location to location and impact both productions and support and management employees. We know this is difficult for our employees, but we are taking steps to better align with the current economic circumstances, while at the same time remain focused on position the company for long-term success."