Caterpillar set to lay off 2,000 workers

Caterpillar said Friday it is considering closing its plant in Belgium and making 2,000 workers redundant as the US heavy equipment maker plans global job cuts amid lower demand. The firm, famed for its iconic yellow diggers, said it is "contemplating" moving production from its sole plant in Gosselies, Belgium to one in Grenoble, France and other manufacturing sites outside Europe.
"If this intention would be confirmed, it would result in a collective lay-off of about 2,000 employees and in the closure of the Gosselies site," Caterpillar said on its website.