Trucks and military vehicles manufacturer Oshkosh company said it would cut about 900 jobs due to the budget cuts in its defense business.
July about 700 hourly positions from mid-June, about 200 full-time jobs will be eliminated. After cuts in defense units will have 2800 employees.
Oshkosh Corporation president John Uriah, the Department of Defense, said: "The company maintains a high level of recruitment in its defense business in the height of the recession, but" the situation has changed.
The U.S. government $ 85 billion in federal budget cuts, known as the "archive", began on March 1 this year.
, The company had earlier warned that the budget cuts and wind in the war activities will affect the volume is expected to decline by 30% in the production of military vehicles this summer.
Oshkosh also allow emergency vehicles such as ambulances, fire engines and special trucks, construction, and has been working to reduce its exposure to defense markets.
Defense sales, which accounted for about half of its total, dropped by 21% in the first quarter of this year.
On the other hand, the recovery of the housing market, resulting in higher access equipment products, such as aerial work platform and boom lift sales.
Wisconsin has risen nearly 35% since the beginning of this year, the shares closed at $ 39.17, down 0.6% on Tuesday on the New York Stock Exchange.
 



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