Cummins Inc. has announced that it plans to reduce its global workforce by around 2,000 due to declining revenue leading into what company officials believe will be a downturn in business next year.
On Friday, Cummins officials said the company has done “a number of things to reduce spending” — including offering voluntary retirement packages in the United States and United Kingdom and aligning production with demand at manufacturing facilities — but will still need to make reductions in workforce globally to weather a downturn in 2020.
For more on this story, see Saturday’s Republic.
