12/19/2008

Caterpillar announced plans to lay off 814 employees at its manufacturing plant in Mossville, Ill. The equipment manufacturer also will temporarily lay off an unspecified number of workers at two plants in North Carolina. Meanwhile, it will relocate its global assembly facilities from Illinois and South Carolina to Texas. The company plans to build a 1 million-square-foot facility and received $10 million in incentives from the state. "This investment in Caterpillar will not only create high-paying jobs for Texans but will strengthen our state's overall economic situation and further diversify our state's economic makeup," said Texas Gov. Rick Perry.

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