CAT first quarter income is out


Decatur – Earlier this month Caterpillar announced hundreds of layoffs at the Decatur plant.

The company is cutting 460 jobs. Now the first quarter net income is out, and the company says the number shrank and is also predicting smaller 2013 sales and profits because the mining business is slowing down.

In the past two years caterpillar has invested an estimated 500 million in its Decatur plan. The layoffs will start in June.

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