Stimulus to affect Caterpillar workers?

February 11, 2009 6:25:20 PM PST
Some local workers could be directly impacted if the stimulus plan passes.Caterpillar says if the bill becomes law, it will re-hire some laid-off workers.

President Barack Obama says the company's chief executive assured him of that Wednesday.

He plans to meet with Caterpillar workers Thursday in Illinois.

Last month, Caterpillar announced more than 22,000 job cuts.

The company employs thousands of people in Cary, Clayton and Sanford.

Almost three weeks ago, Caterpillar announced it would cut 20,000 jobs company wide --about 18 percent of its work force.

Clayton's town manager told Eyewitness News as soon as he learned about the news, a representative from the town contacted Caterpillar's home office in Peoria, Illinois.

According to a Wall Street Journal report, Caterpillar reported a 32 percent drop in its fourth-quarter income.

In December 2008, Caterpillar announced temporary layoffs at its facilities in Clayton and Sanford.

In addition, Caterpillar said it was planning additional non-production days in Clayton and Sanford in 2009.


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