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