Caterpillar to Close MN Plant, 100 Will Lose Jobs

Cat to consolidate manufacture of tree-harvesting equipment in Georgia and Wisconsin

Caterpillar Inc. responded to the struggling timber industry this week with news that it will shut its tree harvester plant in Owatonna, Minn., to cut costs and consolidate operations in Georgia and Wisconsin.

The move will cut 100 of the factory's 119 workers, company managers told employees. Nineteen engineers will stay in Owatonna permanently and work on various projects for the construction, mining and logging machine giant.

(More on Caterpillar's Owatonna-plant closing . . . )