“The North American downturn continues to present serious challenges to every truck manufacturer,” said Mack president and CEO Michel Gigou. “But we believe our cost-reduction plan, combined with aggressive sales efforts, will keep Mack in a competitive position.”
In response to the declining market, Mack announced last month that it is reducing its work force by 12% – or 700 positions – by the end of July. Production is also being slowed at its major plants.
Mack’s Pennsylvania-based production line will gradually reduce production over the next several months, leading to an ultimate planned rate of 45 trucks per day in July, down from the current 62 trucks per day. The company’s South Carolina factory will be idled the weeks of April 23, April 30, June 4 and June 25.
Truck production in South Carolina has been reduced from 72 to 63 trucks per day, and Mack’s Maryland-based Powertrain Operations has reduced engine production from 186 to 165 per day, and transmission production from 39 to 23 a day.
