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
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.
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