Belfast Telegraph

Caterpillar NI cutting 100 jobs: Generator maker cutting permanent and agency staff

By John Mulgrew

A total of 100 staff, including permanent and agency workers, are being let go at Caterpillar NI.

It's understood staff are being briefed on potential cuts to its workforce.

Some 50 full time jobs are now being lost, with a further 50 agency staff also being let go.

In a statement, Caterpillar NI said:

"Current weaknesses in the economies of some key markets are impacting on global demand for a number of our products.

"The company is therefore taking necessary measures during this time to help support the competitiveness and sustainability of the business for the future.

"This includes reducing our permanent workforce by approximately 50 positions and releasing approximately 50 agency workers. We know this is difficult for our employees and their families, and resources will be provided to assist impacted employees during this transition."

Just last month, it was revealed around 20 management and support jobs are to go at the former FG Wilson plant headquarters in Larne.

The firm formerly known as FG Wilson has been under pressure from tough conditions in the global mining and energy sectors.

In September, the firm said it was considering "restructuring actions that could impact more than 20 facilities around the world".

Caterpillar NI reported an 85% slump in profits to £3.8m for 2014 - but managing director Robert Kennedy said the firm remained committed to Northern Ireland.

Belfast Telegraph Digital