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Caterpillar Cuts Jobs, Revenue Outlook

Caterpillar Inc. CAT -7.74 % projected further revenue declines and announced plans to cut more than 10,000 jobs over the next three years as the maker of engines and heavy equipment continues to feel the impact from weakness in the energy and construction markets.

The Peoria, Ill.-based company said the job cuts would occur through a reduction in its salaried and management staff and, longer term, through contemplated plant consolidations and closures. Caterpillar is...


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