Freightliner LLC.
Has the economy reached its peak and started on a long downgrade with its brakes smoking? The head of Oregon-based heavy-truck builder Freightliner LLC thinks so. Freightliner is unloading 2,283 jobs at three Charlotte-area plants, part of a larger round of layoffs that will idle 3,745 at six plants. CEO Jim Hebe blames rising fuel costs and higher interest rates for a drop in sales, which triggered the job cuts. He predicted that...
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