- Caterpillar (CAT, Financial) announces a $100 million investment over five years to develop future workforce skills.
- The initiative aligns with projections of 170 million tech-driven job creations by 2025.
- Caterpillar's centennial world tour includes community-focused charitable donations.
Caterpillar Inc. (CAT) is marking its centennial with a significant $100 million commitment over the next five years to prepare the future workforce. This investment seeks to equip individuals with essential technology-driven skills such as artificial intelligence, automation, data analytics, and robotics maintenance, necessary for thriving in a rapidly transforming digital era.
The pledge is backed by The Future of Jobs Report 2025, which forecasts the creation of 170 million new jobs requiring these advanced skillsets. In response, Caterpillar aims to enhance its existing programs like ThinkBIG, a two-year paid technician training initiative, K-12 STEM outreach, and the Global Dealer Technician Challenge to close the skills gap in the manufacturing industry.
As part of Caterpillar's global centennial celebrations, the company will conduct local events worldwide. The Caterpillar Foundation, the company's philanthropic arm, will contribute to community development by making charitable donations to nonprofit organizations at each tour stop.
