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Faced with slumping sales, Terex Corp. recently announced plans to lay off workers from its aerial and crane divisions. Genie Industries, Terex’s aerial division, is letting go of 184 workers at its Redmond, Wash., facility and 58 more in Moses Lake, Wash. Genie is shifting to a build-to-order model. The company hopes to cut an additional $100 million in costs by cutting work hours and managers’ salaries. The cuts represent about 6 percent of Genie’s workforce.
Terex Cranes will lay off 114 workers from its Waverly, Iowa, manufacturing facility, and will shut down the plant from May 18 to June 19 and from August 3-7. The company will lay off 84 people from its 175-person production team and 30 people from its 135-person office staff.
