Caterpillar Could Shed 2,000 Belgium Jobs

Heavy machinery maker Caterpillar Inc said it could lay off about 2,000 employees at a plant in Belgium, as it considers shifting production to other facilities as part of a restructuring program announced last year.

The company, which manufactures construction equipment at the plant in Gosselies, Belgium said it may shift the production to its facility at Grenoble, France and other locations outside of Europe.

Caterpillar said in September 2015 that it will cut as many as 10,000 jobs through 2018 and also might close or consolidate more than 20 plants around the world as it grappled with the mining and energy downturn.

In July, Caterpillar said that global uncertainty, the vote in Britain to leave the European Union and the attempted coup in Turkey had heightened risks, especially in Europe.

Reporting by Gaurika Juneja