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Caterpillar facility in Panama under threat in jobs cull

Tuesday, March 20, 2018

Heavy equipment maker Caterpillar is closing a major factory in Texas and smaller one in Panama, according to a report from Reuters.

The news outlet cited a Caterpillar spokeswoman saying she confirmed the company will close its work tools facility in Waco, TX and its demonstration center in Panama, resulting in a potential loss of up to 880 jobs.

Source: Manufacturing Net