Cummins canada will be closing the master rebuild center in effective june 2020, mass layoffs, so sad
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The master rebuild centre in western Canada rebuilds mining equipment engines, business isn't slowing down in any way, they are as busy now as they were 5 years ago. The rebuild centre makes money like crazy, closing it is illogical. I believe trump's tariffs are the reason.
Sales of Class 8 trucks are expected to drop 33% this year compared to last year. Inventories remain high due to sluggish retail sales, despite "analysts" perpetually claiming that the industry is in good shape, just as they did throughout 2019 as orders fell all year long compared to 2018's robust order numbers.
Yep, truly sad. Always remember, it can easily happen to your plant or sector of the business so be very cautious.
Truly sad. All the years building up those markets, only to be destroyed by pathetic management. Peoples lives destroyed, while the executives make their bonuses and millions.