Caterpillar (CAT)

Caterpillar said about 2,500 laid-off employees will be permanently cut from the company and 550 others will be brought back to work by the end of next year.
The workers are among more than 22,000 laid off earlier this year as Caterpillar dramatically scaled back production because of weaker demand amid the global economic downturn.

Oct 27 · 12:19:00 PM · Source: Herald Tribune
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by Michael Oliveto