Generator maker Caterpillar to shed 20 management jobs
Around 20 management and support jobs are to go at Co Antrim generator maker Caterpillar NI, the company has announced.
The firm formerly known as FG Wilson has been under pressure from tough conditions in the global mining and energy sectors.
Yesterday the US firm, which has its main Northern Ireland operations in Larne, said 20 jobs would go in the company's support functions in the Province - an update on an announcement last month of cuts to come.
It's understood the company will be seeking to make the cuts through voluntary redundancies among its 2,000-strong workforce in the Province.
But a spokesman said there was no update on speculation that it could ultimately shut down one of its three locations in Northern Ireland. It has sites in Springvale in west Belfast, and in Monkstown - and the Springvale site has been tipped for closure.
A spokesman said: "As part of Caterpillar's continued cost reduction actions announced on September 24, 2015, and in an effort to better align current resources with challenging business conditions, globally Caterpillar's electric power division will reduce its workforce by approximately 90 positions across more than 12 international locations."
The global job cuts will also include agency roles but the jobs which are to go in Northern Ireland are limited to salaried and management posts.
The spokesman said: "Resources will be provided to assist impacted individuals during this transition. We know this is difficult for our employees and their families, but we must take steps to position the company for long-term success."
Last month, 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.