(Corrects title of executive in third paragraph of story originally published April 30.)
April 30 (Bloomberg) -- Caterpillar Inc. will cut 380 full-time and 130 temporary jobs as it moves marine-engine production from South Carolina to Georgia to improve efficiency.
The Fountain Inn, South Carolina, plant will reduce production in the second quarter and close by the end of the year, the company said in a press release today. Adding the ability to make marine engines at the company’s Griffin, Georgia, facility will improve efficiency.
“We recognize that this decision will be difficult for our employees,” Tana Utley, vice president with responsibility for Caterpillar’s large power systems division, said in the release. “Our goal is to improve efficiency across our engine manufacturing footprint, while providing the highest quality products for our customers.”
Earlier today, the Peoria, Illinois-based company announced that it will close a plant in Pearisburg, Virginia, which rebuilds and repairs underground mining machinery. The company will ask dealers to handle those processes starting in July. The shutdown of the plant in Virginia will affect 50 employees, the company said in a press release.
The world’s largest maker of construction machinery employed 118,501 people as of 2013, data compiled by Bloomberg shows.
To contact the reporter on this story: Elena Popina in New York at firstname.lastname@example.org
To contact the editors responsible for this story: Simon Casey at email@example.com