Caterpillar says it needs 38,000 more technicians as CONEXPO puts the labor crunch on display
Caterpillar said its dealer network may need to hire over 38,000 technicians globally by end-2028, citing rising infrastructure demand and a tighter skilled-labor market. CEO Joe Creed announced the push at CONEXPO in Las Vegas. Shares fell 4.7% to $697.74. Vanguard disclosed a 10.06% stake in Caterpillar in a new SEC filing.