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Cat fights tough times with salary slash

GIANT equipment manufacturer Caterpillar will cut executive salaries by half, offer redundancies and slap on a hiring freeze in the face of deteriorating market conditions.

Angie Tomlinson
Cat fights tough times with salary slash

Caterpillar said yesterday its cost cutting included significant compensation reductions for executives, management and support staff. The company will also suspend merit pay increases for management and...

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