Oshkosh Corp. to lay off 450 workers (Wisconsin)
Oshkosh Corp. to lay off 450 workers
By Rick Barrett of the Journal Sentinel
Oct. 25, 2012
As its defense business slows, Oshkosh Corp. said Thursday it will lay off 450 production employees in January.
The state's largest manufacturer said the layoffs will occur over a three-week period beginning Jan. 11. If laid-off employees want to pursue other employment, the company said, it will help them find it.
The company also said it was considering asking for early voluntary retirements.
"As Oshkosh and others in the defense industry have discussed on numerous occasions, domestic military vehicle production volumes will decline significantly in 2013 due to the reduction in U.S. Defense budgets and the fact that military spending is returning to peacetime levels," the company said in a statement.
"Unfortunately, these economic factors require Oshkosh to rebalance its defense production workforce starting in January."
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