Cummins offers early retirement to Hoosier workers
Cummins Inc. has offered to buy out hourly employees in southern Indiana, and will accept as many as 350 voluntary retirement applications from among the 700 employees there who meet the proscribed eligibility criteria. "The demand for our engines and related products continues to fall, and despite the significant steps already taken to align our costs with that demand, permanent job reductions have become necessary," said Jim Kelly, president of Cummins' engine business.
Forbes
| 2/2
This story published in NAW SmartBrief on 02/05/2009
Get stories like these delivered 4x/week for FREE:
|
NAW SmartBrief
Designed specifically for executives in the wholesale industry, NAW SmartBrief is a FREE e-mail newsletter delivered 4x/week. It provides the latest need-to-know news and industry information that maximizes your time, giving you an edge over your competition. Learn more |
|