Caterpillar plant shuts down for 1 week

March 23, 2009 1:46:24 PM PDT
The Caterpillar plant in Pontiac is shut down for the week as part of the company's rolling layoff plan.The plant employs about 700 people.

Caterpillar says the week long furlough is just one of a wide range of actions it is taking to deal with the slow growth in the global economy.

Caterpillar will have another week-long plant shut down next month. Workers are also being forced to take their two week paid vacation time in July.