International expected to cut 1851 production workers

CHICAGO (Nov. 6, 2000) – International Truck and Engine expects to eliminate 1851 jobs, or nearly 40% of the work force, at its Springfield, Ohio, truck plant by the end of 2003.

The manufacturer said the plant’s work force will be cut back from its current level of 4729 because the plant will be producing only a medium-duty truck, to be introduced in February.

International, a subsidiary of Chicago-based Navistar International Corp., intends to take a pretax charge of $300 million US against fourth-quarter earnings to cover corporate restructuring and new-product launch costs.

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