Columbus Mayor Fred Armstrong is concerned how the cuts at Cummins may eventually affect the company‘s community involvement.
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updated: 1/14/2009 8:39:23 AM
[UPDATED] Columbus Mayor Reacts to Cummins Layoffs
Columbus Mayor Fred Armstrong says the latest layoffs at Cummins Inc. (NYSE: CMI) localize the current national recession. The Columbus-based company is reducing its permanent global professional workforce by at least 800 employees, freezing salaries and cutting the pay of officers by 10 percent. Armstrong tells our partners at Network Indiana/WIBC he is disappointed by the decision, but feels it's understandable given the weak economy.
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Mayor Armstrong says Cummins has a reputation of generously supporting local charities, another area that may suffer if the recession deepens.
He says businesses and local government will continue to do what is necessary to survive the recession.
Cummins' latest moves, combined with reductions announced last month, bring the total number of eliminations in Cummins' professional workforce to more than 1,400.
The company is also reducing its hourly workforce by more than 600 and cutting approximately 2,500 contingent workers.
Source: Network Indiana/WIBC
