- Banned
- #1
China sneezes and America gets the cold
China's economic slowdown and cheap oil are killing more American jobs.
As demand for raw materials dropped, it's sent prices careening for everything from crude oil andcopper to iron ore. That's led mining and oil exploration companies to cut back on spending on the heavy equipment that Caterpillar produces.
Caterpillar to cut more than 10,000 jobs
China's economic slowdown and cheap oil are killing more American jobs.
As demand for raw materials dropped, it's sent prices careening for everything from crude oil andcopper to iron ore. That's led mining and oil exploration companies to cut back on spending on the heavy equipment that Caterpillar produces.
Caterpillar to cut more than 10,000 jobs