SOUTH MILWAUKEE, WI (WTAQ) - About 60 more employees are being laid off at Caterpillar's mining equipment factory in South Milwaukee.
The steelworkers' union says the layoffs will run for an unknown period of time -- and for now, almost 50 employees could be moved into other parts of the plant.
Caterpillar's mining equipment division is based in South Milwaukee. The company reduced its international workforce by about 13,000 last year, including 400 at plants in South Milwaukee and the city of Milwaukee. Those plants used to employ a total of over 800.
Before last year, the rising prices of commodities resulted in a boom for mining equipment makers -- but that fell apart after the demand dropped for materials which are mined.
(Story courtesy of Wheeler News Service)