Texas has been able to entice one of Illinois' biggest companies Catapillar (CAT) to make the official move down south, and it is a massive blow for the Land of Lincoln.
When you think of caterpillars, you often think they are cute little fuzzy creatures and often think they are safe. This one is not and should be avoided at all costs.
Anchor Coupling has made its move out of Illinois official, filing notice that it intends to layoff 123 employees in Dixon before the end of the year.
The should not come as a surprise to anyone, as we posted back in June that Caterpillar planned to consolidate its Anchor Coupling plants in Sterling and Dixon and move the jobs and manufacturing to Michigan...
Caterpillar made it official on Friday, as feared. The company will consolidate its Anchor Coupling plants in Sterling and Dixon and move them jobs and manufacturing to Michigan.
The announcement had been rumored since early May when Cat said it was looking to consolidate those plants somewhere in North America...