International to lay off 250
International Truck & Engine Corp. said it plans to lay off 250 workers at its Springfield, OH, plant next month and cut truck production because of declining demand. The company said most of the layoffs would go into effect January 3.
International spokesman Kyle Rose said the plant will reduce its production of medium-duty trucks to 143 a day, down from 162.
"Market demand out there right now doesn't support keeping the rate at that level," Rose said. "When you're building fewer trucks, one of the results is it requires fewer employees to do that."
International's medium-duty sales were down 14.1% in November compared to the previous month, but up 12.6% from the same period last year, according to Ward's Communications.
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