Layoff Totals for US Companies Message Board

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From: peppe51	1/26/2009 8:28:40 AM
	of 8051

20000....Caterpillar says to cut 20,000 jobs Monday January 26, 8:21 am ET By James B. Kelleher CHICAGO (Reuters) - Caterpillar Inc said on Monday that quarterly earnings fell more than 32 percent and warned of a tough year ahead as the downturn that began in the United States metastasized into a full-blown global recession that hit sales of its earth-moving equipment. The company also warned that profit in 2009 would be under severe pressure and said that it would cut about 17,000 workers and buy out 2,500 others, to reduce costs in the face of what it predicted would be the weakest year for business since the end of World War Two. The news sent the company's shares skidding more than 10 percent in premarket trading. biz.yahoo.com

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