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DECATUR - Caterpillar Inc., announced Monday plans to permanently let go of 2,500 previously laid-off employees, and to bring 550 others back to work. The announcement came after last week's third-quarter profits registered higher than analysts expected at 64 cents per share, or $404 million. "We do believe that the third quarter marked the low point in Caterpillar sales and revenues," said spokesperson Bridget Young. "We're seeing the signs that a recovery may be under way, and based on our current demand schedules, we have the opportunity to return a selected group of employees to work." Caterpillar is not disclosing how the numbers are split between its U.S. facilities, but Young said it is safe to expect employees from the Decatur area will be permanently cut, as well as asked to return to work. "Given our footprint in the Decatur area, it's fair to say there will be people impacted in the area," she said. Since late 2008, the company has laid...
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