(Columbus, Ind.) - Columbus, Indiana-based Cummins is cutting as many as 1,500 jobs company-wide by the end of the year.
The diesel engine company cites decreased demand their products for the cost-cutting measure. It is not clear how many of the layoffs would take place at Cummins’ Columbus headquarters.
Company officials announced yesterday they are also looking at other ways to reduce costs, such as work week reductions and shutdowns at some manufacturing facilities.
Cummins on Tuesday cut its forecast for full-year revenue to about $17 billion from $18 billion and its forecast for earnings before interest and taxes to about 13.5 percent from a range of 14.25 percent to 14.75 percent, The Indianapolis Star reported.