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300 jobs go at Caterpillar truck plant

"After a good start to 2012 projected production volumes for our products are lower than we previously expected.

"We're working alongside Caterpillar to look for opportunities to work together."

Nike Cap For Kids

Nike Cap For Kids

The 300 workers at the North West Industrial Site will be paid one week's wages.

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Nike Cap For Kids

Of those, 283 are salaried workers, 251 are hourly agency staff and 490 are hourly permanent staff.

A spokesman for the international firm said: "The economic and business environment that we are experiencing is different today from what we anticipated earlier in the year.

"Caterpillar remains very positive about the long term prospects for global growth and the activities described above are short term actions that are required to align production to current demand levels."

Nike Cap For Kids

Nike Cap For Kids

"Anybody losing their job is also losing their spending power.

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Nike Cap For Kids

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"The ongoing Eurozone problems, and the looming financial uncertainty in the US have dampened business and consumer confidence.

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"As a result of these factors, Caterpillar Peterlee is releasing approximately 300 temporary workers employed by Randstad, who previously performed roles throughout the factory.

"This is a devastating blow for the region," said Steve Cason, of the union Unite.

Nike Cap For Kids

Nike Cap For Kids

Despite a good start to the year, demand for its vehicles and the growth of the economy is not what it had predicted. The job losses follow the departure of 70 other temporary workers at the end of last month.

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Nike Cap For Kids

"Economic growth and demand from customers around the world has not reached anticipated levels.

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Caterpillar said it is keeping its employment levels under constant review and will work hard to ensure permanent jobs are not lost.

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He added that while the company's overall business has been strong, producing vehicles which are used in the mining and rail industries among others, but that despite the good start to the year, the call for the trucks made at Peterlee had been less than it had expected. If you have a complaint about editorial content which relates to inaccuracy or intrusion, then contact the Editor by clicking here.

The agency cuts leave the East Durham site with 1,013 staff.

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The temporary workers, employed through an agency at Caterpillar, were yesterday told their final shift will be tomorrow. economy.

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Nike Cap For Kids

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