Caterpillar laying off about 60 at Illinois plant

Posted:

Peoria-- Caterpillar Inc. is laying off about 60 employees at a plant in central Illinois as the company deals with declining profits.

 

The Journal Star in Peoria reports that Caterpillar said Thursday that it will lay off workers at a foundry in Mapleton starting in early May. The town is just south of Peoria. Caterpillar's headquarters is in Peoria.

 

The facility makes engine liners and engine blocks that wind up, among other things, in Caterpillar mining equipment.

 

The company has cited a slowdown in its mining business the past few months as it has cut production and the size of its workforce. Caterpillar had already announced plans to lay off about 460 people in Decatur.

 

Earlier this week the company said its first-quarter profits were down 45 percent.

Current Conditions
/
  • Current Events

  • Current EventsMore>>

  • 2018 Winter Olympic Games listings

    2018 Winter Olympic Games listings

    These listings, which are subject to change, offer daily highlights of the XXIII Olympic Winter Games from PyeongChang, South Korea, programming across NBC, NBCSN, CNBC, USA Network, Olympic Channel: Home of Team USA, NBCOlympics.com, and the NBC Sports app.

    More \232a

    These listings, which are subject to change, offer daily highlights of the XXIII Olympic Winter Games from PyeongChang, South Korea, programming across NBC, NBCSN, CNBC, USA Network, Olympic Channel: Home of Team USA, NBCOlympics.com, and the NBC Sports app.

    More \232a
  • Agribusiness Today

    Agribusiness Today

    Get your agribusiness report here!

    More \232a

    Get your agribusiness report here!

    More \232a
  • Web Exclusives

    Web Exclusives

    Here at WAND we strive to bring you the latest coverage on news happening across central Illinois, and this page is a continuation of that effort.More \232a
    Here at WAND we strive to bring you the latest coverage on news happening across central Illinois, and this page is a continuation of that effort.More \232a