Cummins will cut 500 white-collar jobs
Stainlee Steel Shot is one of the most commonly used Metal Abrasive for shot blasting. And in them, 304 Stainless Steel Shot is also a very high quality one. On the one hand, it could strengthen the surface of die casting parts to make them have the ability of rust resistance. On the other hand, it could make die casting parts have a matte furface. It is widely used in foundry.
Longlived 304 Stainless Steel Shot is made from high quality 304 stainless steel wire by drawing, cutting and rounds.
Chemical Composition (%)
C
Si
Mn
P
S
Ni
Cr
N
0.068
0.076
1.2
0.032
0.001
8.06
18.16
0.01
Shape: as cut, G1, G2, G3 and even G4.
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At 22:55 on Friday evening at Beijing time, Cummins (CMI), a manufacturer of engines and related components, announced that it will cut at least 500 white-collar jobs globally before the end of the year, which is equivalent to the total number of white-collar employees. 3.5%.
The company attributed this to the deterioration of the economy in the United States and other major markets around the world.
The layoffs will involve all departments of the company, some of which will be achieved through the provision of voluntary retirement plans to some employees in the United States and temporary layoffs.
Employees who meet the conditions for a voluntary retirement plan must decide whether to accept it before the end of next Thursday. According to the plan, after the salary, employees can continue to enjoy 9 months of benefits after retirement.
The remaining job cuts will be conducted in an involuntary manner. Most of the affected employees will be notified on December 18 and will leave the company before the end of the year. The costs related to the layoffs will be included in Cummins’ fourth-quarter earnings.
Size: 0.25mm-3.0mm