Wabash National Corp. plans to extend its annual holiday shutdown and lay off 800 employees after work resumes next year.
The Lafayette-based truck-trailer manufacturer said Wednesday its traditional production shutdown from Christmas to New Years would instead last through Feb. 3. After that, about 800 workers will remain laid off until sometime in the second quarter of 2009.
Wabash National has about 2,000 hourly and salaried employees in Lafayette.
President and chief executive officer Dick Giromini says the economy and its impact on trucking companies are among factors forcing the move.
Source : ChicagoTribune
[tags : recession bankrupt collapse retrenchment financial news collapse stagnation economic slowdown financial collapse world recession global recession layoff job cut]
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