mackcl96 Posted December 11, 2008 Share Posted December 11, 2008 Wonder whats going to happen in tomorrows newshttp://www.mcall.com/news/local/all-mack12...0,3813597.storyhttp://www.mcall.com/business/bal-volvo1211,0,679293.storySoon we are going to need to pray for tomorrows food. Quote Thanks for hearing me out.You can have the soap box now---------JIM Link to comment https://www.bigmacktrucks.com/topic/7004-prevailing-economic-conditions/ Share on other sites More sharing options...
mackcl96 Posted December 18, 2008 Author Share Posted December 18, 2008 Volvo cutting jobs, production The world’s second-largest truck maker is cutting back on production and jobs. Volvo announced Tuesday, Dec. 16, that it’s stopping heavy truck production in Europe for up to 25 days in the first quarter of 2009 because of the recession. Bloomberg reported that Volvo’s sales fell 21 percent in November and that canceled orders outnumbered new orders by 1,800 trucks. The company is also in the process of cutting more than 2,000 jobs.According to Bloomberg, truck manufacturers worldwide have seen orders fall dramatically, largely because potential buyers can’t get financing.In related news, engine-maker Cummins says it’s laying off 500 workers and has downscaled its sales projections for this year. Quote Thanks for hearing me out.You can have the soap box now---------JIM Link to comment https://www.bigmacktrucks.com/topic/7004-prevailing-economic-conditions/#findComment-27478 Share on other sites More sharing options...
mackcl96 Posted December 18, 2008 Author Share Posted December 18, 2008 No Christmas party at Mack just a luncheon.We did a more modest version of the in-house holiday luncheon than we've done the past few years,'' said John Walsh, a spokesman for Mack, which employs about 1,700 people in the Lehigh Valley. Quote Thanks for hearing me out.You can have the soap box now---------JIM Link to comment https://www.bigmacktrucks.com/topic/7004-prevailing-economic-conditions/#findComment-27479 Share on other sites More sharing options...
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