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Caterpillar layoffs hit Peoria as recession bites
Caterpillar Tractor Co announces more than a third of Peoria hourly workers will lose their jobs by June, potentially 7,800 in the city. Unemployment in Peoria could reach 14 or 15 percent, the highest since prior records, with 25,000 statewide. Other local layoffs include 800 at the Peoria brewery, 425 at Bartonville steel and wire, and 300 at WABCO.
MENTIONED IN THIS ARTICLE
J.L. Schmidt
Associated Press
Peoria
Schmidt
United Auto Workers
Terpillar
Pabst
Keystone Consolidated
Bartonville Steel and Wire
WABCO
Caterpillar
Illinois
Robert Gilmore
UAW Local 974
Jim O’connor
International Harvester