Caterpillar lays off 60 temporary workers at Peterlee; in association with RBS.
CATERPILLAR caterpillar (kăt`əpĭl'ər, kăt`ər–), common name for the larva of a moth or butterfly. Caterpillars have distinct heads and are segmented and wormlike. has confirmed that 60 temporary workers have been laid off from its Peterlee factory.
The construction equipment maker had already announced the loss of 75 temporary jobs from its plant at Stockton, and 320 from its UK headquarters in Leicestershire. The US-owned business which makes articulated trucks for customers worldwide employs around 1,100 people at the Peterlee site.
The agency staff who have been cut worked in roles across the factory, Caterpillar said. A spokesman added: "Earlier this year we had increased employment in Peterlee in anticipation of volume increases.
"Unfortunately, re-evaluation of market conditions meant this additional employment was no longer required."
The company yesterday blamed "world financial events" and a "general softening in the European residential construction market" for the Stockton and Leicestershire lay-offs.
The decision follows digger and excavation excavation
In archaeology, the exposure, recording, and recovery of buried material remains. The techniques employed vary by the type of site, but all forms of archaeological excavation require great skill and careful preparation. maker Komatsu's decision to reduce its working week from five to three days until the end of July at its Birtley factory, as it cuts production by a quarter because of slowing demand.
It has also laid off 96 agency staff and increased its annual summer shutdown shut·down
A cessation of operations or activity, as at a factory.
the closing of a factory, shop, or other business
shut down from two to three weeks.