Like several other companies in the trucking industry,
Caterpillar says it will cut its truck engine workforce because of a projected
slump in '07 truck sales.
According to Bloomberg, Caterpillar isn't citing a
specific number of job cuts, but does say that its Greenville, SC, plant will reduce engine production from 600 units a day to 100 units.
Volvo Group and Mack Truck both announced recently that
they'll lay off workers in anticipation of slow sales of the new
environmentally compliant - and more expensive - '07 trucks.