Caterpillar announces outsourcing, job impact expected

Local News

PEORIA, Ill. — A move by Caterpillar executives to outsource some finance and accounting activities will impact jobs locally.

A Caterpillar spokeswoman confirmed Thursday morning that employees were informed earlier in the day of the decision to move to a global process model and partner with Accenture for the delivery of select finance and accounting activities.

The transition to Accenture will go into effect over the next 12 months.

The Accenture website describes the Dublin, Ireland based company as a provider of services in strategy, consulting, digital, technology and operations.

The statement went on to say the partnership will lead to a transition of work currently performed at multiple Caterpillar finance operations locations to multiple Accenture operations. While Caterpillar would not estimate the impact on jobs, an impact is indeed expected.

Caterpillar’s media relations and public affairs manager Kate Kenny provided the following statement:

“As part of Caterpillar’s continuous journey to improve the efficiency and effectiveness of its finance and accounting operations, the company informed employees today of its decision to move to a global process model and partner with Accenture for the delivery of select finance and accounting activities. This partnership will lead to a transition of work currently performed at multiple Caterpillar finance operation locations to multiple Accenture finance operation locations.   Together with Accenture, the team will continue to assess the work and resources needed. We are not estimating job impacts currently but do anticipate some impact.”

Kate Kenny

Kenny said the company anticipates the move will impact most of its major finance and accounting operation locations. Those include Bangalore, India, Belfast, Northern Ireland, Geneva, Switzerland, Panama, Peoria and Tianjin, China.

This story will be updated as more information becomes available.

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