ALBANY, GA (WALB) - Caterpillar Inc. continues its global restructuring and cost reduction efforts first announced in September 2015, and which will continue into 2018.
The company says these actions are expected to "significantly lower operating costs in the face of challenging marketplace conditions in key regions and industry sectors."
These actions, including five plants closings, will result in a net reduction of about 670 jobs.
The company will close its fuel systems manufacturing facility in Thomasville, and an aftertreatment manufacturing facility in Santa Fe, New Mexico. Approximately 200 jobs – a combination of office and production employees as well as agency workers – at the Thomasville facility will be impacted by the closure.
Approximately 50 jobs in Santa Fe, which is a combination of office and production employees, will be impacted by the closure.
Caterpillar announced today in a statement that they recognize "these restructuring actions are painful for its dedicated workforce, their families and the impacted communities. The decisions are difficult, however, it is necessary to have the right capacity in place for the tough market conditions the company is facing."
The Chamber of Commerce director in Thomasville says they plan to work with management at caterpillar to help employees, but they don't have any specifics at this time.