Business & Tech
Local Caterpillar Plant Could Absorb Job Cuts Without Penalty Under Terms Of Agreement With Oconee County And Athens-Clarke C
At the end of 2014, the total number of full-time jobs based on the monthly average was 658. Caterpillar was only required to have 250.
When Caterpillar announced on Sept. 24 that it plans to cut 10,000 employees and consolidate and close more than 20 facilities around the world, it left unspecified which plants would be impacted.
In its news release, which has been the source of much of the reporting on the announcement, Caterpillar would say only that “There are many factors that impact these contemplated decisions” as well as their timing.
“Employees will be notified as decisions are made for each facility,” the news release said. The closings and job cuts announced are to occur through 2018.
Caterpillar has until 2032 to bring its hiring at its plant on the east side of Bogart up to 1,100 full-time employees without violating the terms of its memorandum of understanding with Oconee County and Athens-Clarke County.
At the end of 2014, when Caterpillar filed the annual report required by that MOU, the total number of full-time jobs based on the monthly average was 658. It was only required to have 250.
For more on the story, go to Oconee County Observations.