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Business/Financial

Oshkosh Plans Defense Layoffs Amid Lower Defense Spending

By Cal Biesecker

Thursday, October 9th, 2014

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Oshkosh Plans Defense Layoffs Amid Lower Defense Spending

Heavy Equipment Transporter. Photo: Oshkosh

Oshkosh Corp. [OSK] on Thursday said it plans to lay off several hundred employees in its defense segment in December due to declining military spending. The company said it will reduce its hourly workforce by between 250 and 300 positions and eliminate about 70 salaried positions, the majority of which are temporary, including open positions and positions that will be vacated by retiring personnel. “We continue to reshape our workforce as a result of significantly lower U.S. defense spending and…

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