MoneyBusiness

Actions

Caterpillar, Inc. expected to close down facility, could affect 200 workers

Posted at 7:51 PM, Feb 22, 2018
and last updated 2018-02-23 00:41:44-05

Anywhere between 190 and 200 workers are going to be affected by the closure of a Waco facility. 

A source inside of Caterpillar Inc. told KXXV that a facility manager announced to employees that the facility was going to close sometime later this year. 

This affects the bucket and coupler departments, but will not affect the logistics or the distribution center. 

The source said that the change was expected anywhere from July to August and that later in the year, the hydraulics department would also close. 

In a statement, the company said quote:

"Caterpillar Inc. today notified the workforce at its Work Tools facility in Waco, Texas, of the company’s decision to close the facility by the end of 2018. Approximately 200 Caterpillar and contract positions will be affected. This decision does not impact the separate Caterpillar distribution center in Waco.

The Waco Work Tools facility manufactures buckets, couplers, and hammers. The manufacturing of these products will transfer to Caterpillar’s existing facility in Wamego, Kansas as well as external suppliers.

The actions taken today will optimize manufacturing operations and ultimately ensure our products remain competitive in the global market."

Copyright 2018 KXXV. All rights reserved.