Slower Case sales result in layoffs

News Story
- 21 May 2009 ( #411 ) - Burlington, IA, United States
1 min read
Case 586G forklift
Case 586G forklift
A Burlington factory making Case Construction-brand rough terrain forklifts and backhoe loaders plans to lay off about 150 of its 446 workers from July.

The manufacturer, CNH Global NV, says slower volumes of equipment sales and a reduction in customer orders have prompted the action.

Lee Schwartz, a CNH human resource director, informed Burlington Mayor Bill Ell about the plan in an early May letter. CNH owns the 984,000sqft (88,560sqm) Burlington plant.

Publicly traded CNH reported a USD126 million loss in the first quarter ended 31 March versus a USD112 million profit in the comparable 2008 period. Sales during the quarter declined 25.5% to USD3.05 billion.

CNH, a major global player in the agricultural and construction equipment markets, expects that full-year 2009 sales may be down 15% to 25% from 2008.

CNH Global is incorporated in Amsterdam, the Netherlands and has administrative offices in Burr Ridge, Illinois. A 1999 merger combined operations of New Holland NV and Case Corp.

Fiat SpA of Turin, Italy and its subsidiaries owned 89% of CNH Global as of 31 December.
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Even the heaviest lifts must be easy to handle. That’s why N.C. Nielsen raises the bar in lifting capacity, maneuverability, operator comfort, flexibility and technical capabilities.
Heavy duty reach stackers – lifting capacity from 85 to 180 tons.
VIEW ALL OUR CUSTOM-BUILT HEAVY DUTY REACH STACKERS

Contact us now: +45 99 83 83 83 - www.nc-nielsen.com

Even the heaviest lifts must be easy to handle. That’s why N.C. Nielsen raises the bar in lifting capacity, maneuverability, operator comfort, flexibility and technical capabilities.
Heavy duty reach stackers – lifting capacity from 85 to 180 tons.
VIEW ALL OUR CUSTOM-BUILT HEAVY DUTY REACH STACKERS

Contact us now: +45 99 83 83 83 - www.nc-nielsen.com

Inside The News
In what may prove to be a sign of things to come, Canadian materials handling equipment lithium-ion battery manufacturer, UgoWork, has announced battery assembly for some forklifts bound for the North American domestic market will now be done in the US. See the story for full details... Continue reading

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