Caterpiller reported today that it projects 2009 sales to be $40 billion, down from $51.32 billion in 2008, according to an article in the Wall Street Journal. The company also reported that it was cutting a total of 20,000 jobs in light of the downturn in the global construction economy. To view Caterpiller's conference call report, click here.
Monday, January 26, 2009
Caterpiller Projects Slow Sales and Slashes Jobs
Caterpiller reported today that it projects 2009 sales to be $40 billion, down from $51.32 billion in 2008, according to an article in the Wall Street Journal. The company also reported that it was cutting a total of 20,000 jobs in light of the downturn in the global construction economy. To view Caterpiller's conference call report, click here.
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