COLUMBUS, Ind. (AP) -- Engine maker Cummins Inc. said Tuesday it will cut 800 employees worldwide by the end of February and freeze salaries for the rest of the year in response to lower sales.
Cummins said the cuts will be accomplished through buyout offers for certain employees and layoffs. In addition, the company said it will reduce its officers' salaries by 10 for the year.
"Cummins will continue to monitor production volumes at individual manufacturing plants and take whatever actions are necessary as dictated by customer demand for its products," the company said in a statement.
Cummins has made numerous work force cuts recently as it copes with the economic downturn. Last month, the company said it would cut at least 500 white-collar jobs worldwide and also said it would lay off about 100 workers at a factory in Mineral Point, Wis.
Combined with previous job cuts, the company said it will have reduced its white-collar work force by more than 1,400 and its hourly work force by more than 600, amounting to a reduction of about 5 percent of its permanent work force. The company also said it has shrunk its temporary and contract work force by 2,500.
Shares of Cummins closed Monday at $26.18.