Caterpillar moving 2 Joliet lines to Mexico; 230 workers to lose jobs

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JOLIET, Ill. (AP) — Caterpillar Inc. says it will move two production lines from its Joliet plant to Mexico in a plan that will result in the loss of 230 jobs at the Illinois site.

The construction and mining equipment maker said in a statement that it was pushing ahead with the plan in order to "remain cost competitive."

Under the plan, the company will move production of gear and engine oil pumps and valves to a sister plant in Monterrey, Mexico.

The transition is expected to begin in late 2016 and be completed by the middle of 2018.

It's part of a series of cuts at the factory, where 770 workers are currently employed, compared with 7,000 in the late 1970s.

Just last month, Governor Rauner applauded the company's decision to keep its corporate headquarters in Peoria. Something cat called a re-commitment to Central Illinois.

There's no comment from the governor's office on the job losses tonight.

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