Pension costs for state government workers reached an all-time high in 2016, consuming 25 percent of the state’s general budget.1 Today, more than $8 billion of the state’s yearly $32 billion budget goes to pay for pension costs, sapping tremendous amounts of money from social services for the developmentally disabled, grants for low-income college students, and aid to home...View Report
With Peoria and downstate reeling, the Caterpillar move comes at a time of persistent disinvestment in Illinois manufacturing.
Peoria-based heavy-equipment manufacturer Caterpillar has announced a possible move of up to 800 manufacturing jobs out of Aurora.
CAT announces more layoffs due to anticipated losses in 2017.
August records summer-high job losses, including 495 in manufacturing.
Insider says more manufacturing layoffs coming for the Illinois stalwart.
At the end of July, about 400 Illinois workers were notified that they might be losing their jobs in the next few weeks. Filings with the Illinois Department of Commerce and Economic Opportunity highlighted this number, which includes cuts at major companies throughout the state. According to the Chicago Tribune: Lake Forest-based Grainger Inc. said it...
Caterpillar Inc., one of the dozens of companies to receive special tax breaks after Illinois record 2011 income tax hike, recently announced plans to lay off more than 460 employees this June at its plant in Decatur.