More December layoffs occur at Denison Caterpillar plant

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DENISON, Texas (KXII) -- Caterpillar, Inc. announced more layoffs will occur at its Denison plant.

The company made the announcement on Wednesday, but officials would not say exactly how many employees or what properties would be affected.

Seventeen employees were reportedly laid off at the Denison plant this week.

This week's announcement comes at the heels of a similar number of employees being laid off at the Denison plant last week. There were 40 jobs eliminated at the plant this past August.

Denison Development Alliance President Tony Kaai says though the layoffs may look bleak, there is a silver lining. "We are at a record low unemployment in our region, 3 to 4 percent, so we have a lot of companies looking for quality people and our hopes and Christmas wishes are that some of those companies will able to connect with some of the employees and they'll get a job as soon as possible," Kaai said.

In May, Caterpillar laid off 20 people in Van Alstyne and began moving its Van Alstyne production warehouse to Denison. The move was expected to be finished by the end of this year, but Caterpillar's corporate office spokesperson said there is no update on its status at this time.