Cat cuts deep

CATERPILLAR plans to cut up to 5000 staff by the end of 2016 and drop more than 10,000 workers – roughly 10% of its global workforce by 2018 to respond to tough market conditions.

Cat cuts deep Cat cuts deep Cat cuts deep Cat cuts deep Cat cuts deep

Downturn leads equipment maker to make some drastic job cuts.

Amid the changes, Caterpillar has also announced a fresh organisation structure for its mining and customer and dealer-facing divisions.

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