August records summer-high job losses, including 495 in manufacturing.

The manufacturing company plans to reduce operations in Illinois.

Manufacturers are struggling with unfavorable global conditions, and Illinois’ anti-growth policies are only hurting the state’s industrial sector more.

Caterpillar’s plans to bring new jobs to Arizona demonstrate how Illinois politicians’ planned tax hikes and failure to make needed regulatory reforms harm the state’s manufacturing sector.

Illinois politicians ignored Caterpillar CEO Doug Oberhelman’s 2012 plea for pro-growth reforms, and Illinois is the only state in the region to have lost manufacturing jobs on net over the last four years.

Caterpillar Inc.’s announcement of 670 layoffs comes amid the loss of a quarter of the manufacturing jobs in Peoria and Tazewell counties since 2008.

The East Peoria, Ill., plant will be the hardest hit, losing 230 jobs for office and production workers. As neighboring states grow factory work, Illinois is approaching an all-time low for manufacturing jobs.

Breaking down the overall high cost and regulatory burden borne by businesses.

Caterpillar plans to cut 10,000 jobs and close 20 manufacturing facilities to save $1.5 billion annually.