'Temporary layoffs' to affect East Peoria Caterpillar employees

By WEEK Producer

August 16, 2012 Updated Aug 16, 2012 at 6:51 PM CDT

PEORIA, Ill. -- Some Caterpillar employees will soon be facing what the company calls a "temporary layoff". 

A spokesperson from Caterpillar says those layoffs include a one-week shutdown of the East Peoria factory.

Caterpillar issued the following statement Thursday afternoon: 
 
Caterpillar's East Peoria manufacturing complex, which produces track-type tractors, is examining options to align production with demand. At this time, it is planning a one week temporary layoff later this year, which would impact a large portion of its workforce in East Peoria. Although the company announced record results for the second quarter of 2012, businesses and plants within Caterpillar must take necessary short-term actions such as this to balance production needs with demand.