Cummins cuts 350 engine-plant jobs as it restructures
COLUMBUS, Ind. – Cummins Engine Co. has cut 350 jobs, or about 1.3 per cent of its workforce, to reduce costs as it continues to adjust to lower demand in the heavy-duty truck market.
The Columbus, Ind.-based company says the cuts are part of a major restructuring of its medium- and heavy-duty truck business, and will improve profitability.
Since the beginning of the year, Cummins has shrunk its work force “by the equivalent of nearly 900 employees,” or 3.2 per cent. The diesel engine-maker says it will consider delaying or canceling projects and cutting other costs in the short term.Over the longer term, it is “fundamentally rethinking” how it participates in the market. n
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