Slow Sales Prompt Layoffs At Caterpillar, Deere

(Peoria, IL) — Caterpillar is getting out of the dump truck business, ending its production of so-called on-highway vocational trucks. The move means about 70 jobs will eventually be cut at Cat plants in Peoria and San Antonio, Texas. Meanwhile, Deere is cutting a hundred jobs at its factories in Des Moines and Dubuque, Iowa, because of weak sales of farm and construction equipment.