Caterpillar formally announced yesterday that they would be eliminating 80 jobs at their manufacturing plant on Temple Rd. CAT’s Winston-Salem workers have known for months that many of them would have their jobs eliminated. The layoffs are effective December 31. Severance packages will be given. But an uncertain future awaits the 80 workers who will be losing their jobs.
Caterpillar is in the midst of a four-year earnings slump-a hole that the world’s leader in heavy equipment can’t seem to … Read the rest