Cummins enjoyed its largest fourth-quarter profit in company history last year. This, at least in part, can be attributed to reduced overhead costs generated by shedding thousands of employees. But as WFIU’s Daniel Robison reports, the earnings report, however strong, isn’t enough for the company to call back thousands of still-idle workers.
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Cummins will receive $54 million from the stimulus package to expand existing fuel-efficient transportation projects. With US Energy Secretary Steven Chu, Senator Evan Bayh and Rep. Baron Hill traveling to Columbus for the announcement, the Democrats hope the grants will help improve the stimulus' reputation. WFIU’s Daniel Robison reports.
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A high unemployment rate – close to nine percent now – could attract businesses to Columbus. That’s according to Mayor Fred Armstrong. He recently returned from a trip overseas courting companies to his southern Indiana city, some of which said Columbus used to have too small of a unemployment pool for them to invest in.
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A year ago, Columbus diesel-engine maker Cummins recorded its best-ever second quarter. this year, the company is reporting an 81 percent drop in its profits, year-over-year. But as WFIU’s Daniel Robison reports, company officials say there’s a silver lining in the cloud hovering over their dark earnings report.
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As Chrysler emerges from bankruptcy, the troubled automaker has to decide which contracts it will honor - and which ones it won’t. As a result, the fate of two contracts with Columbus-based diesel engine manufacturer Cummins hang in the balance. WFIU’s Daniel Robison has more.
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With the shutdown of Cummins’ Midrange Engine Plant in Columbus earlier this week, company officials can only guess when production will be up and running again. WFIU’s Daniel Robison has more…
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Diesel-engine manufacturer Cummins debuted its new office building in downtown Columbus last weekend. Hundreds came out to tour the structure, which was originally slated to house 500 of the company's employees. But as WFIU's Daniel Robison reports, since the Fortune 200 company has laid off thousands since the building started going up, there will be more open room on the facility's four floors than originally planned.
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Columbus-based Cummins has announced another round of local job cuts. The engine manufacturer is looking to eliminate about 350 hourly jobs from its southern Indiana workforce by the end of the month.
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Diesel engine manufacturer Cummins will lay off more than 800 salaried employees. But as WFIU's Daniel Robison reports, the company's cutbacks will not affect its plans to expand in Columbus.
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Plans to build a downtown Columbus parking garage with city funds have been left in the dust, with the recent announcement that manufacturing giant Cummins will pay $3 million to expedite construction.
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WFIU HD1 
Tuesday, February 2, 2010
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