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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowEngine-maker Cummins Inc. plans to cut 985 employees
worldwide by the end of this week, including 460 in Indiana.
The Columbus-based company said last month it would cut “at least 800” by the
end of February. The new reduction announced today includes 225 salaried and
235 hourly workers in Indiana.
Earlier this month, Cummins offered early-retirement packages to up to 350
workers, but after only 120 accepted early retirement, the company decided to
cut another 115 jobs. Cummins has cut about 1,820 jobs worldwide in the past
three months due to the recession.
Cummins shares rose 7.6 percent today, closing at $21.95 each.
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