Caterpillar axes 5,000 jobs as earnings fall
WORKERS at Caterpillar factories in the region are facing an uncertain future after the firm announced further job cuts.
The US company said it was planning to make 5,000 cuts worldwide following 15,000 that have already been made.
A spokesman could not rule out that its factories in Stockton and Hartlepool will not be affected.
Earlier cuts included 60 permanent and 75 temporary workers in its Building Construction Products division in Stockton, and more than 290 temporary workers at its dumper truck plant in Hartlepool. The firm reported a 32 per cent fall in earnings for the fourth quarter of last year.
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