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Page added on January 30, 2009

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Caterpillar laying off 2,110 more workers

CHICAGO – Caterpillar Inc said Friday it is laying off an additional 2,110 workers, bringing the week


The recent dramatic pullback in commodity and oil prices has forced those customers to rethink their plans for investment in new equipment.


…In an unprecedented move, Caterpillar recently reopened its order book and invited big customers and dealers to cancel or postpone some orders. The company was reported to be stunned by the response.


Reuters



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