A portion of Caterpillar's facility in Oxford, Miss., was damaged and collapsed last week, as the result of severe weather in the region. Following Caterpillar weather safety guidelines, employees in the facility took cover in two designated storm shelters inside the building. All employees are accounted for, with only a few minor injuries being reported.
Caterpillar is working to assess the impact of the damage to the facility, which manufactures hose couplings for Caterpillar products.
Caterpillar has contracted with a design and construction company to immediately begin work to bring portions of the Oxford facility back into operation as soon as possible. In the meantime, the company is working with suppliers, its global dealer network and internally to meet customer demands. The company says it is too early to know how the damage to the Oxford facility will impact production at other Caterpillar facilities.
Caterpillar is communicating with its employees in Oxford to make sure they understand temporary work and training assignments and benefits information.
Caterpillar Foundation has also announced it is providing a $100,000 grant to the American Red Cross to be used for disaster relief efforts in the region. The Caterpillar Foundation will also match cash contributions made by March 1, from Cat employees, retirees and Cat dealer employees to the American Red Cross up to an additional $50,000.
Caterpillar is headquartered in Peoria, Ill.