Cummins: Indiana diesel engine company to cut 2,000 jobs

Cummins, a Columbus, Indiana-based diesel powered engine company, will reduce about 2, 000 individuals by the end of 2015.
The two, 000 cuts will save the organization between $160 million as well as $200 million, the company stated.
“We are taking difficult however necessary actions to lower expenses in the face of weak demand in numerous of our markets. ” Ben Linebarger, chairman and ceo of Cummins Inc., mentioned in a press release.
The company explained third quarter revenue reduced 6 percent from the exact same timeframe in 2014.
Cummins will make an evaluation to see if much more job cuts will need to be produced in the future.
“Given the doubt in the global economy, all of us expect challenging conditions in order to persist for some time, ” Linebarger said.
The company has not claimed how many of the jobs is going to be from Indiana.
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