300 temporary workers will finish their final shifts at the Caterpillar factory in Peterlee.
The company's blaming the cuts on the world-wide recession and a lower demand than expected for its trucks.
Unions say they're disappointed.
It leaves about a thousand workers at the site.
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The 60-year-old takes charge of the Black Cats with immediate effect.
What has the weekend got in store for the Tyne Tees region?
The operation took around three hours to complete, with the remains being disposed of by a specialist animal by-product company.