• Home
  • Illinois News
  • Illinois Politics
  • US Politics
  • US NEWS
  • America First
  • Opinion
  • World News
  • Second Amendment
Thursday, May 8, 2025
Illinois Review
  • Login
  • Register
  • Home
  • Illinois News
  • Illinois Politics
  • US Politics
  • US NEWS
  • America First
  • Opinion
  • World News
  • Second Amendment
No Result
View All Result
  • Home
  • Illinois News
  • Illinois Politics
  • US Politics
  • US NEWS
  • America First
  • Opinion
  • World News
  • Second Amendment
No Result
View All Result
Illinois Review
No Result
View All Result
Home Illinois Politics

Peoria hit with more Caterpillar layoffs

Illinois Review by Illinois Review
January 29, 2016
in Illinois Politics, Science
Reading Time: 2 mins read
A A
1
26
SHARES
432
VIEWS
Share on FacebookShare on Twitter

635562566038278395-57410784

You might also like

‘Never Trumper’ Richard Irvin Concedes Aurora Mayoral Race, Marking Another Defeat for IL GOP Establishment

Keith Pekau Loses in a Landslide as Orland Park Voters Deliver ‘Madman’ Mayor Humiliating Defeat in Election Night Disaster

IL GOP Funds Mailer Opposing Trump Delegate as State Party Remains Target in Federal Postal Service Investigation

PEORIA – When big manufacturers announces layoffs, dominoes begin to fall, and not only does the big company suffer, so do smaller manufacturers that repair machine parts and contract for specialty jobs.

Peoria's Caterpillar announced last fall orders in the energy and mining markets were slowing that would force the elimination of 10,000 jobs. Since September, Caterpillar has eliminated 2300 workers in the Peoria area, and plans to cut 2700 more. 

In addition, Crain's reports, as many as 20 manufacturing facilities downstream could be hit by cuts and closures over the next three years, affecting another 5,000 workers.

"We are facing a convergence of challenging marketplace conditions in key regions and industry sectors—namely in mining and energy," Chairman and CEO Doug Oberhelman said in a statement. "While we've already made substantial adjustments as these market conditions have emerged, we are taking even more decisive actions now. We don't make these decisions lightly, but I'm confident these additional steps will better position Caterpillar to deliver solid results when demand improves."

All told, Caterpillar has said the job cuts will save the company $1.5 billion.

"Undoubtedly, many companies beyond Caterpillar are worried that this marks the first domino down in a chain that could impact many areas of the economy, including manufacturing, retail and technology,” said John Challenger, CEO of Challenger, Gray & Christmas outplacement firm said in the release.

Related

Tags: CaterpillarIllinois ReviewPeoria
Share10Tweet7
Previous Post

IL Dems pass higher ed funding bill, GOPers argue there’s no $$

Next Post

Print newspaper sales continue to plummet

Illinois Review

Illinois Review

Founded in 2005, Illinois Review is the leading perspective and source of conservative news, opinion and information in Illinois. Follow Illinois Review on X at @IllinoisReview.

Recommended For You

‘Never Trumper’ Richard Irvin Concedes Aurora Mayoral Race, Marking Another Defeat for IL GOP Establishment

by Illinois Review
April 2, 2025
0
‘Never Trumper’ Richard Irvin Concedes Aurora Mayoral Race, Marking Another Defeat for IL GOP Establishment

By Illinois ReviewAurora Mayor Richard Irvin faced an upset as he was defeated in his bid for a third term, losing to Alderman John Laesch 52-47.“We fought hard....

Read moreDetails

Keith Pekau Loses in a Landslide as Orland Park Voters Deliver ‘Madman’ Mayor Humiliating Defeat in Election Night Disaster

by Illinois Review
April 1, 2025
0
Keith Pekau Loses in a Landslide as Orland Park Voters Deliver ‘Madman’ Mayor Humiliating Defeat in Election Night Disaster

By Illinois ReviewOrland Park Mayor Keith Pekau – known for publicly harassing and intimidating constituents, lost his re-election by a landslide as voters sent a clear message –...

Read moreDetails

IL GOP Funds Mailer Opposing Trump Delegate as State Party Remains Target in Federal Postal Service Investigation

by Illinois Review
March 23, 2025
0
IL GOP Funds Mailer Opposing Trump Delegate as State Party Remains Target in Federal Postal Service Investigation

By Illinois ReviewA new mailer bearing the Illinois Republican Party's postage permit surfaced over the weekend in a race supporting preferred candidates against the Trump Delegate incumbent, signaling...

Read moreDetails

OPINION: HB 2827 Defies Both Illinois and U.S. Supreme Court Precedents on Homeschooling Rights

by Thomas Mccullagh
March 20, 2025
0
OPINION: HB 2827 Defies Both Illinois and U.S. Supreme Court Precedents on Homeschooling Rights

HB 2827 is an unconstitutional attack on homeschooling, violating Illinois Supreme Court rulings and federal law. This bill forces families to register with the state and comply with...

Read moreDetails

Opinion: HB 2827 – Government Overreach Threatening Homeschooling Freedoms

by Matthew Rauschert
March 13, 2025
0
Opinion: HB 2827 – Government Overreach Threatening Homeschooling Freedoms

By Matthew Rauschert, Contributor In the Land of Lincoln, the government is once again overstepping its bounds. This time, it comes in the form of House Bill 2827,...

Read moreDetails
Next Post

Print newspaper sales continue to plummet

Please login to join discussion

Best Dental Group

Related News

IL Freedom Caucus calls on Lurie Children’s Hospital to cease gender services for kids

October 27, 2022

Beckman: Is the Brigham Young University racial slur controversy another hoax?

October 27, 2022

Salvi polling shows closer race

October 27, 2022

Browse by Category

  • America First
  • Education
  • Faith & Family
  • Foreign Policy
  • Health Care
  • Illinois News
  • Illinois Politics
  • Opinion
  • Science
  • Second Amendment
  • TRENDING
  • US NEWS
  • US Politics
  • World News
Illinois Review

© 2024 llinois Review LLC Editor in Chief Mark Vargas Publisher Thomas McCullagh Chief Counsel Scott Kaspar

Navigate Site

  • Checkout
  • Home
  • Home – mobile
  • Login/Register
  • Login/Register
  • My account
  • My Account-
  • My Account- – mobile

Follow Us

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Illinois News
  • Illinois Politics
  • US Politics
  • Health Care
  • US NEWS
  • America First
  • Opinion
  • TRENDING
  • Education
  • Foreign Policy
  • Second Amendment
  • Faith & Family
  • Science
  • World News

© 2024 llinois Review LLC Editor in Chief Mark Vargas Publisher Thomas McCullagh Chief Counsel Scott Kaspar

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?