Caterpillar to reduce its workforce by up to 10 000 people amid restructuring

Caterpillar news, Caterpillar to reduce its workforce by up to 10 000 people amid restructuring US-based heavy machinery manufacturer Caterpillar announced on Monday that it may have to retrench up to 10 000 workers by 2016 amid a restructuring and cost reduction plan. The plan, aimed at lowering operating costs by about $1.5 billion annually [...]