Tuesday, October 27, 2015
Cummins Slashing 2,000 Jobs
One of Indiana's leading manufacturing companies, Cummins, has announced it will slash its workforce by 2,000 employees before the end of the year because of a slowdown in global sales in an effort to save $160 to $200 million. The company employs nearly 8,000 Hoosiers. Cummins is currently building a new $30 million corporate headquarters in downtown Indianapolis where city officials donated land valued at $4.3 million and is offering the company a ten-year tax abatement. It's unclear where those planned layoffs will take place since Cummins' employees are scattered throughout several states and countries around the world. This may be a sure sign that the economic downturn hitting other parts of the world is now hitting home.