Caterpillar to Lay Off Employees in Milwaukee
Caterpillar Inc. will lay off up to 300 employees at its Milwaukee-area factories before June and says it will reduce labor costs at its other U.S. plants as sales of mining and construction equipment have slowed.
The local layoffs, described by the company as short-term and temporary, will include up to 40% of the blue collar workforce at the South Milwaukee and Milwaukee plants that build some of the world's biggest mining machines.
How long people are out of work will depend on the company's business outlook, according to Peoria, Ill.-based Caterpillar. Locally, it also could depend on contract negotiations with the United Steelworkers union that begin next week.
The timing of the layoff announcement is scary, said Ross Winklbaur, a Steelworkers subdistrict director.
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