Caterpillar shuts plant, shedding 90 jobs
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SINGAPORE - The heavy machinery manufacturer Caterpillar has almost completed the closure of one of its facilities here at the cost of 90 jobs.
The move is part of a global restructuring plan announced last September that could see the American company axe 10,000 jobs and close more than 20 facilities over three years.
"(We closed the facility) late last year and we're still clearing it out. Some of the equipment is being auctioned off, most of the people have been let go," Caterpillar Singapore country manager Jeff Hardee said.
