Revenues for the full year 2020 were $19.8 billion, 16 percent lower than 2019.
Sales in North America declined 21 percent and international revenues declined 7 percent.
Sales declined in all major regions except China. Continual market decline every year.
http://www.therepublic.com/2021/02/04/cummins-reports-2020-fourth-quarter-results/
5 replies (most recent on top)
When will we see more layoffs?
Drain the swamp!!
A Cummins position came open in the office over the summer. It was outsourced to contract; much less pay and no benefits. A friend of mine was contacted for the role by an IT Recruiter from an out of state staffing agency. As part of the pre-selection requirements for an interview, applicants were required to complete a 10 question survey. ALL of the survey questions, for pre-selection interview consideration, asked how the applicant considers, works with, and has experience with “diverse” team members. The hiring manager was an Indian here in Columbus on a work visa, non-citizen, both hiring and firing Americans. If the candidate’s survey answers did not match his criteria, then they weren’t chosen for interviews. He was actively pursuing minority candidates for the open role. We later found out that he did in fact hire an Indian for the position. A non-citizen, work visa holder like himself.
Hopefully they lose even more in 2021. Terrible company.
Might as well sell it to India because Indian engineers are all they hire anymore
No surprise: no innovation; sustaining stagnation for several years. No market expansion, only global downsizing. Company will eventually be sold to China or India. “Sales declined in all major regions except China, where demand for trucks and construction equipment reached record levels.”