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Tue Nov 26, 2019, 11:17 AM

More Winning! Indiana engine maker Cummins to cut 2,000 jobs

Indiana engine maker Cummins to cut 2,000 jobs
https://www.wdrb.com/news/business/indiana-engine-maker-cummins-to-cut-jobs/article_4a9f145c-0fcd-11ea-bbe4-f70e3946c570.html
LOUISVILLE, Ky. (WDRB) Ė Cummins Inc., the Columbus, Ind.-based engine maker, confirmed Monday that itís cutting 2,000 jobs by early next year, citing declining revenue and reduced demand.

Itís unclear which job locations or types of positions will be affected by the layoffs. Cummins has 62,600 employees in all, according to its website.

Cummins issued a statement:

As we communicated to our employees last week, demand has deteriorated even faster than expected, and we need to adjust to reduce costs. We have already taken several actions in response to declining revenues. This includes reduced discretionary spending across the company, several global efforts to optimize our operations, voluntary headcount reductions, and we continue to align production with demand at our manufacturing facilities. Unfortunately, we must do more to reduce costs because the downturn is happening at a sharper pace than we experienced in the previous two cycles. We are going to reduce our global workforce by approximately 2,000, which we anticipate completing by Q1 2020. We understand this is incredibly difficult for those directly impacted and for all employees across the company.


Spent some time several years ago at the Columbus, IN plant helping to update their plant floor automation. Sad news.

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Reply More Winning! Indiana engine maker Cummins to cut 2,000 jobs (Original post)
Roland99 Nov 2019 OP
dalton99a Nov 2019 #1
Chin music Nov 2019 #2
Wounded Bear Nov 2019 #3
Hela Nov 2019 #4
Boomerproud Nov 2019 #5
safeinOhio Nov 2019 #6
Celerity Nov 2019 #7
StarfishSaver Nov 2019 #8
Wellstone ruled Nov 2019 #9

Response to Roland99 (Original post)

Tue Nov 26, 2019, 11:19 AM

1. "The downturn is happening at a sharper pace than we experienced"

The Trump Recession is coming

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Response to Roland99 (Original post)

Tue Nov 26, 2019, 11:25 AM

3. Happy Holidays!

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Response to Roland99 (Original post)

Tue Nov 26, 2019, 11:53 AM

5. My late uncle worked there his whole adult life.

It's a union shop I believe. He would be shattered.

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Response to Roland99 (Original post)

Tue Nov 26, 2019, 11:58 AM

6. I've found the problem...

Cummins has set aside billions of dollars in recent years to purchase common shares.

Free Markets aren't free or fair if not regulated.

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Response to Roland99 (Original post)

Tue Nov 26, 2019, 12:03 PM

7. They will still vote Rump. Racism trumps a lay-off. MAGAt lemmings.

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Response to Roland99 (Original post)

Tue Nov 26, 2019, 12:06 PM

8. And these people will STILL vote for Trump - and blame Hillary and Obama for their plight

Because none of this has anything to do with "economic insecurity."

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Response to Roland99 (Original post)

Tue Nov 26, 2019, 01:23 PM

9. So Mike Pence's Brother

is cutting his payroll. Dang,not good. Cummins is the main supplier to the Over The Road Truck Builders due to their state of the art emissions were as Cat pulled out of that Business. And the Farm Equipment Manufacturers are pulling in their horns as well. This segment is Cummins other main user of their engines. And we know how that is in the toilet.

Wonder when Pence closes his Russia Engine Plant.

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