Caterpillar posts loss on layoff charge for 1Q 2009

(Lafayette) Journal and Courier

Tuesday, April 21, 2009 7:23 AM

Journal & Courier staff and wire reports

Heavy equipment maker Caterpillar Inc. posted a first-quarter loss of $112 million, hurt by charges tied to layoffs and weaker sales caused by the global economic slowdown.

Caterpillar announces 141 more "rolling layoffs" in Lafayette to begin July 31
Caterpillar cutting 985 Lafayette employees' hours in half

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Editor, John C. DePrez Jr.; Executive Editor, Carol Rogers; Publishers: IBRC and IAR