Caterpiller to cut hundreds of jobs
A Peoria-based manufacturer announced they will be cutting almost 500 jobs.
Caterpillar job cuts are set to take effect in 60 days, meaning 11-percent of CAT’s workers in Decatur, Illinois will lose their jobs.
A spokesperson from the company said the cuts are because of a worldwide drop in demands.
Decatur hit a 13-percent unemployment rate in January.