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PACCAR to Cut Ohio Workforce
Truckmaker PACCAR Inc. confirms it will dismiss 10% of the 2,500 workers at its assembly plant in Chillicothe, Ohio, next week.
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Truckmaker PACCAR Inc. confirms it will dismiss 10% of the 2,500 workers at its assembly plant in Chillicothe, Ohio, next week. The company is preparing to reduce output in response to a recent drop in sales of its Kenworth trucks.
Analysts say rising diesel fuel prices and the end of tax breaks for the purchase of capital equipment may be dampening demand for heavy- and medium-duty trucks.
The Chillicothe Gazette, which first report the job cuts, says the company has hired as many as 1,000 people in the past two years. The Ohio plant is scheduled to begin producing the new Kenworth T680 heavy-duty truck in May.
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