Caterpillar Inc. Closes Chicago Plant and a Layoff of 800 Is Eminent Amid Company Crisis

The heavy machinery manufacturer, Caterpillar Inc. said on 31st March 2017 that they are shutting down their Aurora, Illinois plant. This move will be costing jobs for about eight hundred employees. The world’s largest equipment maker for construction and mining is going to shift their production to the other facilities in the US. Caterpillar Inc. …

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The Displeased Shareholders of Toshiba Have Agreed to Sell the Company’s Chip-Division

  The shareholders of Toshiba Corp. have agreed to sell their memory chips division in order to make up for the Westinghouse bankruptcy. The shareholders blamed the management for the downfall of the Japanese icon. A meeting was conducted on Thursday to vote over the issue of disposal of its prized semiconductor business. The investors seemed enraged …

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