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Economy

Caterpillar leans on old playbook to cope with Trump tariffs

Updated : September 21, 2018 03:26 PM IST

At this sprawling factory in central North Carolina where it makes small front-end loaders, the company laid off workers in 2016 in response to plunging sales, consolidating two shifts into one under a program it calls the Operation & Execution Model.
Even though demand has picked up since then, its Clayton plant still runs a single shift and operates only four days a week. One third of the facility's 550 employees are on flexible contracts.
Caterpillar leans on old playbook to cope with Trump tariffs
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