* England - Peterlee truck maker Caterpillar warns of challenging year
--- An articulated truck maker has warned it faces a challenging future as weaker demand hits sales... Caterpillar, which runs a factory at Peterlee, east Durham, says troubles in the construction, oil and gas, mining and rail sectors have damaged its progress... Bosses say the slowdown mean sales and revenues fell to $9.5bn (£6.4bn) in its first quarter of 2016, from $12.7bn (£8.7bn) a year ago, adding they have been forced to cut nearly 12,000 full-time jobs across the business’ global operations...
(Picture: DAVID WOOD - Workers fit parts to Caterpillar trucks at its Peterlee factory) -- Peterlee, Durham, EN, UK - The Northern Echo, by Steven Hugill - 26 April 2016Labels: truckmakers news UK
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