Caterpillar to cut 10,000 staff

MORE than 10,000 staff could go in mining equipment, making giant Caterpillar’s latest response to slowdowns in its key market areas.

Caterpillar to cut 10,000 staff Caterpillar to cut 10,000 staff Caterpillar to cut 10,000 staff Caterpillar to cut 10,000 staff Caterpillar to cut 10,000 staff

The company plans to cut up to 5000 staff by the end of 2016 and drop more than 10,000 workers – roughly 10% of its global workforce by 2018.