Caterpillar to slash 20,000 jobs as profit falls
(Reuters)
<p><img src="http://d.yimg.com/us.yimg.com/p/nm/20090126/2009_01_26t081641_450x300_us_caterpillar.jpg?x=130&y=86&q=85&sig=Gzskb8p1CkbnjHKk2k7pdQ--" align="left" height="86" width="130" alt="A Caterpillar heavy equipment is parked at a storage yard in Denver, July 22, 2008. (Rick Wilking/Reuters)" border="0" /> (http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/nm/20090126/bs_nm/us_caterpillar)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.</p><br clear="all"/>
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