Excavators are parked at the parking lot of Caterpillar Belgium, in Gosselies, Belgium, Thursday, Feb. 28, 2013. Construction equipment maker Caterpillar says it will cut more than one

 

              Excavators are parked at the parking lot of Caterpillar Belgium, in Gosselies, Belgium, Thursday, Feb. 28, 2013. Construction equipment maker Caterpillar says it will cut more than one
Excavators are parked at the parking lot of Caterpillar Belgium, in Gosselies, Belgium, Thursday, Feb. 28, 2013. Construction equipment maker Caterpillar says it will cut more than one in three jobs at its Belgium plant, because of high labor costs and sluggish growth in its European market. (AP Photo/Yves Logghe)
Tags: Jobs , Cut , labor