Caterpillar moves actively to adjust the situation        

In the face of the current adverse economic situation, Caterpillar has recently adopted a number of measures to actively deal with it. At the end of the month, the Caterpillar Inc announced a major restructuring and cost reduction initiatives, restructuring actions may affect the world more than 20 factories and related industries, infrastructure and energy resources industry and transport three business, Caterpillar is expected to business departments and factories and cut administrative costs, and can reduce the cost of $1 billion 500 million.

As the specific measures for the restructuring actions, Joliet Illinois factory production will be transferred to Mexico Monterey. The factory was built in 1951, mainly in the production of parts, in the heyday of the end of 70s, there was approximately 7000 employees in this work, with the level of automation is more and more high, now the Joliet plant is only about 660 employees. Caterpillar plans to make a transition from the first quarter of 2017, and then the plant will gradually become a logistics center.

In the reduction of administrative costs, Wisconsin Oak Creek Caterpillar global mining headquarters will also move out, 250 employees will be transferred to the southern Milwaukee factory office. Here is where the Midwest Airlines headquarters in 2010, Bucyrus bought into its headquarters, 2011 Caterpillar acquisition of Bucyrus later became the headquarters of Caterpillar's global mining industry. In fact, the Oak Creek Office from southern Milwaukee factory is only 4 kilometers, no influence on what Americans drive to work. Caterpillar's global mining industry is expected to complete the move in the third quarter of 2016 and will sell it later.