Posts Tagged ‘Caterpillar’

January’s Review of the Month

What? We’re more than halfway through February?!? Well, we may be a little late posting the January Review of the Month but we don’t really know anyone who wouldn’t accept $500 for having written a well-rounded company review. 

January’s Review of the Month goes to a Caterpillar employee in Peoria, IL who has one of the greatest sounding job titles to date – ‘Six Sigma Black Belt’. But don’t be alarmed this is not the reason this employee’s review was selected. This month’s winner was selected for its quality peek inside Caterpillar which offers readers valued insights as to what the company does well and where the company falls short. (Note: Caterpillar was recently selected as a Glassdoor Best Place to Work, an employee’s choice award.) 

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Caterpillar Employees Satisfied Overall; Company Offers 2,000 Early Retirement

In today’s tight economy, companies are being forced to take a step back and look at their operation as a whole, and reevaluating what makes sense for them into terms of both workforce and operations.  For many, this means laying-off individuals in order to survive, for others this means finding creative ways to save money and for some its a combination of the two.

Some of the most recent news on this front comes out of Caterpillar, who offered 2,000 of their employees the option of early retirement.  While in January the company announced the layoff of more than 22,000, this most recent effort seems to be gesture of goodwill toward their current employees.  The company has been seeing sales drop significantly as with construction tapering off, the need for bulldozers, excavators and the like are in much less demand.  CEO Owens did, however, note that if Obama’s American Recovery and Reinvestment Plan passes, that he’d be able to hire back some of those individuals that were previously let go.

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