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Oshkosh Corp Announces Defense Employee Layoffs Slated for June 2013

Tuesday, 9 Apr 2013 01:45pm EDT 

Oshkosh Corp announced that its Defense division plans to reduce its workforce in Oshkosh by approximately 700 hourly positions starting in mid-June 2013 and by approximately 200 salaried positions through July. After the layoffs, Oshkosh will employ approximately 2,800 Defense employees in Oshkosh. As discussed on numerous occasions, Oshkosh expects domestic military vehicle production volumes to decline significantly as the year progresses. The Company`s lower expected vehicle production is due mainly to the reduction in U.S. Defense budgets and a return to peacetime spending levels as the U.S. winds down war activities. Daily production volumes are expected to decline by approximately 30 percent this summer. 

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