Caterpillar Inc. announced the company will move forward with a plan that includes the loss of 230 jobs from the Joliet plant and the move of two production lines to Mexico, according to a company statement released Friday.
The announcement comes just two months after the company first went public about a possible move from the Joliet area. A decision was expected by this month.
“The company has since completed all analysis and determined to remain cost competitive, it must move forward with the transition,” the statement read.
Under the plan, the company’s production of gear and engine oil pumps and valves will be moved to a sister plant in Monterrey, Mexico. The transition out of Joliet and into Mexico is expected to begin in late 2016 and be complete by mid-2018