Cat to Combine Two Divisions

As a result of the move, analysts were expecting more job cuts.

📅   Tue February 23, 2016 - National Edition


Reuters is reporting that Caterpillar Inc (CAT.N) will combine two divisions dealing with power and energy by June.
Reuters is reporting that Caterpillar Inc (CAT.N) will combine two divisions dealing with power and energy by June.

Reuters is reporting that Caterpillar Inc (CAT.N) will combine two divisions dealing with power and energy by June, adding more details to a massive restructuring plan, and analysts were expecting more job cuts.

The world's largest construction and mining equipment maker will create an Electric Power, Marine and Oil & Gas Division by consolidating the Electric Power and Marine & Petroleum Power Divisions, it said on Wednesday.

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