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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This week in Forkliftaction News , forklift imports into the US now face a lower tariff of 15%, TMH Europe signs a deal to procure recycled steel for equipment production and Amazon unveils its next-gen Proteus AMR... Continue reading

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Lift Technologies Inc.
Global leader - manufactures masts, carriages, sideshifters & fork positioners

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Find a new crop of AMRs and AGVs in our featured videos, housed in the latest Forkliftaction Announcements: 

Multiway – shows off their AGV forklift Q20 for trailer loading and unloading
SEER – highlights their innovative SPT-1000 E-Type AMR, designed for closed pallets
Wellwit – demos their acclaimed forklift-WMF1000 with navigation accuracy of ±10mm

Showcasing videos on Forkliftaction is easy! [Please reach out ] for options + pricing.