Reuters: Caterpillar to slash 20,000 jobs as profit falls

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Caterpillar to slash 20,000 jobs as profit falls
      

CHICAGO (Reuters) - Caterpillar Inc announced it would cut nearly 20,000 jobs and warned of a tough year ahead as a downturn that began in the United States metastasized into a full-blown global recession, gutting orders for earth-moving equipment.<div class="feedflare">
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