US firm Caterpillar to axe up to 700 jobs in Northern Ireland

The Caterpillar factory at Larne in Co Antrim
The Caterpillar factory at Larne in Co Antrim (PA Archive)
9:24am, Thu 05 Nov 2020
CBAD8A00-D2B9-4E0E-ADDF-D0366C357A34 Created with sketchtool. E9A4AA46-7DC3-48B8-9CE2-D75274FB8967 Created with sketchtool. 65CCAE04-4748-4D0F-8696-A91D8EB3E7DC Created with sketchtool.

US manufacturer Caterpillar is planning to cut up to 700 jobs in Northern Ireland.

It will affect workers at its plant in Larne, Co Antrim.

It is expected to be completed within 18 months and is designed to ensure the competitive future of the firm.

Caterpillar is a world-leading manufacturer of generators.

Joe Creed, vice president of Caterpillar’s Electric Power Division, said: “We recognise that what we are considering is difficult for our employees, their families and the community.

“We do not take these contemplations lightly; however, we must plan for future business needs to be competitive.”

The Caterpillar manufacturing facility in Springvale will not be affected by the job cuts.

The total number of Caterpillar employees in Northern Ireland is currently about 1,600.

The announcement is part of the company’s ongoing plans to better utilise existing capacity and improve cost competitiveness.

It is unrelated to Brexit, Covid-19 or the end of furlough schemes.

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