From: Greg Dinkins
Columbus
"As a former businessman, I understand the need to cut back employment when there is a downturn in your market. The company needs to reduce costs to offset declining sales revenues. I also understand that this is a tough decision for the corporation.
My concern is, when there is a necessary cutback (firing of numerous employees), why is it always at the expense of the most seasoned and productive employees? Granted these are the employees making the highest salaries, but at the same time, they are the people that have helped the company get to where they are. They are experienced, professional and good at what they do. By firing a person who is 55, making a good salary (say $100K) and keeping two younger people making $60K, it looks like you are cutting $100K when the company could have cut $120K from their expenses.
Cummins has long been a progressive leader in Columbus, and I am grateful for that. But firing people over 55 makes it nearly impossible for that person to find new work. Letting go of those under 40 allows those people to get new employment relatively easily.
The other consideration of dismissing Columbus employees (many of which were moved from other countries to Columbus to work for Cummins) is that the real estate market will be flooded with an abnormal amount of homes for sale with the loss of their jobs. The number of homes that will soon go on the market will probably reduce the total value of real estate, on the higher end, in Columbus.
Again, I understand the tough decision Cummins was forced to make. While I don’t like it, I understand it. I think that the tariffs put into place by President Donald Trump have really hurt our economy, especially in Columbus. If you don’t believe this, just ask a local farmer."
We know he is at least 55, I've said this many of times. Many of these older workers are working because THEY HAVE TO ALONG WITH THE YOUNGER WORKERS. I'm still surprised that no one hasn't tried to take them to court over their practices in hiring and firing.
http://www.therepublic.com/2020/02/06/letter_cummins_makes_tough_decisions_on_layoffs/