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I DA U N I V E R S A L M a rc h -A p r i l 2 0 1 6 19 TRENDS AND TIDBITS continued from page 17 Caterpillar in Clayton has cut 80 full-time jobs during the past few months and has a new leader. Caterpillar offi cials report the facility is down to 580 employees – 520 full-time workers and about 60 temps – as part of restructuring announced last fall in this division. In late 2014, the site had surged to 725 people, including 600 employees and 125 temps. Update: Since this story fi rst published, Caterpillar offi cials reached out to clarify that only a handful of jobs were eliminated because of the restructuring. "Headcount being down overall is mostly due to Caterpillar not backfi lling positions which have been open due to a host Caterpillar Cuts Jobs of normal attrition reasons (retirements, people leaving the company, etc.)," a spokes- person said. e long-term fate of Caterpillar, which opened in the fall of 2011, is critical because it has such a large economic impact on the Dayton region and plays a key role as an example when luring other logistics and distribution projects here. roughout 2014, the 1.5 million-square-foot distribu- tion center was booming with roughly $6 million in new investments and the addition of more than 100 employees to its ranks. (Note: e Clayton facility was originally known as Caterpillar Logistics, but "Logistics" was later dropped from the name during corpo- rate restructuring.) In September, Caterpillar approved a restructuring plan that called for up to 10,000 employees to be laid off through 2018. e Peoria, Ill.-based company said its plan – which began in late 2015 – will cut 4,000 to 5,000 salaried and management jobs by the end of 2016, and more than 20 facilities could be closed in its company-wide footprint. e company didn't say which facilities would be aff ected, but that employees would be notifi ed as decisions are made for each facility. A spokesperson from Caterpillar on Monday said the company does not forecast future employment, but that "Clayton is still important to Caterpillar's operations." Caterpillar in Clayton also has a new leader, Dale Carr, who replaced the retiring Brian Purcell, a company spokesperson said. Carr has been with Cater- pillar for nearly 16 years, most recently as the Logistics Center Manager in Dubai, where he led the Middle East Distri- bution Center. He earned a degree in engineering manage- ment as well as an MBA. Carr's Caterpillar career has also taken him jobs to Tulsa, Okla.; Indianapolis, Ind.; and Miami, Fla. ● Caterpillar employees train in the company's Simulated Work Environment – or SWE Trends continued on page 45 CNH Industrial reported a drop of 4.1 percent in consoli- dated revenues for the fourth quarter of 2015, compared with the same period a year earlier, although the business claimed it closed the year with strong results. e company pointed to operating profi t for its industrial activities at US$563 million (€515.82 million) for the quarter – an increase of 50 percent on a year earlier. Consolidated revenues at CNH, which include the Case and New Holland brands, were US$7.14 billion (€6.55 billion) for the fourth quarter, down 4.1 percent compared to fourth quarter 2014 on a constant currency basis, and down 14.6 percent on a reported basis. CNH said that its full-year 2015 consolidated revenues were US$25.91 billion (€23.75 billion), down 9.2 percent compared to 2014 on a constant currency basis, and down 20.4 percent on a reported basis. Net sales decreased in construction equipment, which the company said was primarily a result of negative industry volumes in the Latin American region. Construction equipment's net sales totaled US$609 million (€558.19 million) for the fourth quarter of 2015, a decrease of 18.7 percent compared to the same period in 2014 on a constant currency basis, and down 23.9 percent on a reported basis, with demand weakness in the NAFTA (North American Free Trade Agreement) and Latin American markets. In the full-year fi gures for 2015, construction equipment's Revenues Fall at CNH net sales were US$2.54 billion (€2.33 billion), down 18.3 percent compared to 2014 on a constant currency basis, and down 24 percent on a reported basis. CNH blamed this on reduced industry demand, primarily in Latin America and the Asia Pacifi c region. Construction equipment's operating profi t was US$18 million (€16.50 million) for the fourth quarter of 2015. In the full year 2015, construction equipment reported operating profi t of US$90 million (€82.48 million), a 14 percent increase compared to 2014. CNH said that in 2015, worldwide construction equipment industry units for heavy products were down 18 percent, while light products dropped four percent, compared to 2014. It said decreased industry volumes in Latin America and Asia Pacifi c were partially off set by moderate growth in the NAFTA region. e company added that demand for heavy and light construction equipment was fl at in EMEA (Europe, Middle East and Africa). Its construction equipment's worldwide market share was fl at overall year-on-year, the business reported, with a decrease in Latin America and NAFTA, off set by an increase in market share in Asia Pacifi c and EMEA. e roles of Case and its sister-company, New Holland, were redefi ned last year, with Case concentrating on the construction industry and New Holland focusing on the agriculture sector. ● 2/16