Oshkosh Cuts Jobs and Lowers Profit Outlook
Oshkosh Corporation eliminated eighty salaried office positions in its transport division amid a quarterly earnings miss. The vehicle maker also reduced its full-year profit forecast.
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OSHKOSH CORP eliminated 80 salaried, office-based positions in its Transport segment during the week, representing under 3% of the division's workforce. The downsizing follows third-quarter financial results that missed analyst expectations alongside a reduced full-year profit outlook. The cuts impact operations across both defense and delivery units in the United States, according to senior global marketing and communications director Alexandra Hittle.
