Remember when venerable Bucyrus Erie was bought out by Caterpillar in 2010?
Bucyrus CEO on Caterpillar Takeover: "A Great Day"
Both CEOs stressed that this is a "growth move."
Because the two companies do not produce the same products, there is not much overlap. The move is not expected to result in job cuts.And yesterday?
Caterpillar cuts more jobs in Milwaukee area
Caterpillar Inc. has laid off another round of employees at its southeastern Wisconsin operations, a company spokeswoman told The Business Journal Monday.
The Peoria, Ill.-based equipment manufacturer (NYSE: CAT) is cutting “support and management” positions at multiple locations, the Herald & Review newspaper in Decatur, Ill., reported....
[Caterpillar spokeswoman Rachel] Potts said the latest local layoffs are in addition to 260 production jobs cut in South Milwaukee during the summer.