29.07.2013

Waverly layoffs for Terex Cranes

Terex Cranes has announced lay-offs at its Waverly, Iowa plant as it cuts production to a single shift, in order to match supply to softer demand. As a result it will lay off 54 people, on a temporary basis.

Terex vice president of investor relations, Tom Gelston issued a statement saying that the company has made the cuts “in order to realign production with the softened demand environment we are experiencing today with our mobile crane products."
See Terex half yearly results report