Wednesday, September 2, 2015   

Caterpillar plans to ax 1,400 jobs in Belgium
(02-28 18:14)

US heavy machinery firm Caterpillar plans to slash 1,400 jobs at its Gosselies site in Belgium, one of Caterpillar's largest facilities in Europe, management and trade unions said.
The plant, which employs around 4,000 workers and has been open since 1965, is located on the outskirts of Charleroi in southern Belgium, a region that was once a thriving industrial belt, AFP reports.
It notably produces hydraulic excavators and loaders while also manufacturing and assembling engines and parts components, including drives, gears, axles and cylinders.
Caterpillar CEO Nicolas Polutnik was quoted by Belgian radio as saying the job cuts -- involving 1,100 workers and 300 office staff -- were aiming at keeping the plant open and operational beyond 2015.
   
Other Business breaking news:
Nikkei closes lower (10 mins ago)
Region and world feels China chill, IMF chief says (1 hr 2 mins ago)
Hang Seng claws back losses, Nikkei reovers (1 hr 38 mins ago)
Top lawyer argues Sands China appeal against ex-CEO’s lawsuit (2 hrs 9 mins ago)
Oil prices fall further (2 hrs 22 mins ago)
China stocks in free fall, analysts warn correction not over yet (2 hrs 26 mins ago)
London stocks deep in the red (09-01 21:17)
(Fashion) LVMH picks Apple exec for digital foray (09-01 20:57)
Canada slips into recession (09-01 20:54)
Yahoo CEO Mayer expecting twins at 40 (09-01 19:56)

More breaking news >>

© 2015 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts

 


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2015, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.