Cummins Plans to Cut 2,000 Positions
www.chinatrucks.com: Cummins, the globally renowned engine maker, released its third quarter financial report on Oct. 27. Both its business revenue and profits in this period were far below the market expectations. The company attributed its poor performance to the sluggish global economy which has exerted some negative impacts on its overall performance in the global market.
Due to its lackluster business, the engine giant also made the announcement that it planned to cut its work force by 2,000 worldwide, which accounts 3.7% of its total work force. Affected by the bad news, Cummins’ share price dropped by nearly 9% on the stock market.
Views:0
- Cummins on CCTV: Partners with China to Drive Global Energy Transformation 2024-11-14
- Powering the Future: Cummins Collaborates with Industry Leaders at CIIE 2024-11-08
- Cummins Unveils New Generation 2.5L and 3.0L Light-Duty Engines 2024-11-06
- Xi'an Cummins Showcases at Canton Fair, Expanding International Presence 2024-10-18
- Cummins Celebrates Production of Its 1M Gas Engine Turbocharger in China 2024-10-12
- Cummins Unveils Integrated Drivetrain Concept Featuring HELM™ Engine Platforms 2024-09-23
- Cummins to Show Euro 7-compliant Tech at IAA 2024 2024-08-26
- Cummins Opens New Powertrain Test Facility 2024-08-07
- China's Truck Export Reaches 351,076 Units in H1 2024 2024-07-29
- Cummins Accelera Deployed Hydrogen Fuel Cell Tractor 2024-07-29
Submit Your Requirements, We Are Always At Your Service.
- FAW TRUCKS Expands Global Reach with Australian Partnership
- Foton Leads in February Heavy-Duty Truck Sales with Upgraded Products
- Dongfeng Introduces 2025 New Products and Technologies to Global Dealers
- GAC Hino Showcases New Models at 2025 GAC Int'l Partner Conference
- Foton and Teld New Energy Form JV to Drive New Energy Heavy Truck Development
- JMC Overseas Sales Surge
- Indonesian Ambassador to China Visits Shaanxi Automobile
- FOTON Launches the "Auman Galaxy Global Experience Tour"
- Geely Expands into Pakistan with New Partnership
- Zhizi Auto Successfully Holds 2025 Product Launch Event
- China's New Energy Heavy Trucks See Record Sales in 2024
- January Heavy Truck Sales Drop 28% YoY to 70,000 Units
- November 2024: Heavy Truck Sales Hit New Highs
- November 2024: New Energy Light Truck Sales Hit 14,000 Units in China
- November 2024 Sees Surge in New Energy Heavy Trucks in China
- Heavy Truck Sales Reached 56,000 units in First Three Quarters 2024
- Heavy Truck Sales in September 2024
- Heavy Truck Sales Reach 59,000 Units in July in China
- Tractor Sales in H1, 2024 Reached 162,100 Units, Up 4%
- China's Truck Export Reaches 351,076 Units in H1 2024