Caterpillar lets go of 50 workers

Caterpillar is making cuts at its East Peoria, Illinois campus, the company announced today and fifty workers will be let go.

The company blamed the downturn in the mining sector.

Company spokesperson Lisa Miller said a flexible workforce is necessary.

"Similar to recently announced indefinite layoffs on the East Peoria campus, these impacted employees also manufacture products used in mining and construction industries, which continue to witness weak market conditions," said Miller.

"While some cost-reduction measures have already been implemented, including temporary shutdowns and reductions in the flexible workforce, additional measures are necessary in the near term.

"We know this is difficult for our employees and their families, and the company plans to offer impacted employees support services during this time."

With these cut a total of 270 workers will have been let go from the East Peoria campus.