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

Driven by a costly tax burden, Chicago’s high cost of goods and services lands the Windy City in the top 10 for the most expensive 71 cities across the world, according to a new survey by UBS.

Morton Salt will stop operations in October at its warehousing and packaging facility on Elston Avenue in Chicago.

There’s no respite for laid-off Illinois workers in the “summer of pink slips.”