Heavy equipment dealer to reduce staff

SAN ANTIONO, TX - HOLT CAT, the Caterpillar® dealer for South, Central, North and East Texas, announced it is reducing staff levels to support lower anticipated sales volumes in 2009.

According to Joseph A. Carreon with HOLT CAT's marketing department, the company is basically laying off twelve percent of their total workforce at 20 of their HOLT CAT stores. The company had 1960 employees before the "voluntarily" and "involuntary" cuts, now they have 1860 employees.

As for the Longview store, the company said that under 20 workers are being laid off today, March 11.
This move comes after carefully evaluating current and future economic conditions and follows a voluntary separation offered to all employees earlier this month. More than 100 employees accepted the voluntary separation offer. The additional reductions made Wednesday will occur at most of HOLT's 20 locations from Brownsville to Texarkana.

"We are in the same position as many other companies across the country," said Allyn Archer, President and Chief Operating Officer, HOLT CAT. "The economic downturn is having a significant negative impact on our industry and, as a result, we are taking prudent steps to restructure our organization and reduce staff. These necessary steps will make certain that our ability to service our customers remains strong and intact."

HOLT CAT sells, rents and services Caterpillar machines, engines and generator sets in a 118-county Texas territory spanning from the Red River to the Rio Grande. HOLT also offers total machine and engine rebuild capabilities, sells used equipment around the world and fabricates its own line of land clearing equipment and HOLT Spray King® water tankers.

For more information, visit www.holtcat.com.