Thursday, April 24, 2014   

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:
Spain cuts jobless rate to 25.73pc (48 mins ago)
Bitcoin exchange MtGox to start liquidation process: lawyer (1 hr 13 mins ago)
Canon sees profit up on weak yen (1 hr 27 mins ago)
Draghi wants to publish ECB minutes (1 hr 28 mins ago)
Large Scania shareholder accepts Volkswagen bid (2 hrs 21 mins ago)
German business confidence up in April (2 hrs 23 mins ago)
Spain logs fastest growth in six years (2 hrs 24 mins ago)
Hang Seng up, Shanghai down (2 hrs 26 mins ago)
AstraZeneca drugs group says profits halved (2 hrs 55 mins ago)
Nikkei closes lower (04-24 14:46)

More breaking news >>

© 2014 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 2014, 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.