YOUR BUSINESS AUTHORITY
Springfield, MO
Mack Trucks announced it would lay off 305 employees at a Pennsylvania assembly plant.
The cuts represent about 13% of the workforce at the plant north of Philadelphia.
“We regret having to take this action, but we operate in a cyclical market, and after two years of extremely high volumes, we have to adapt to reduced market demand,” Mack spokesman Christopher Heffner said, noting the company expects the North American truck market to be down nearly 30% this year.
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