Cummins CEO says it will add 7,000 jobs within five years

Article by Christian Andrei, on October 7, 2011

At a Bloomberg Innovation and Jobs Forum in Washington, Cummins Inc. CEO Theodore Solso said that it will have to hire 7,000 more engineers within five years. Cummins, which is based in Columbus, Ind., produces diesel and natural gas engines.

It now predicts a steep increase in annual sales. It also makes electric power generation systems. For the next decade, engine technology and development will be dominated by further reductions in engine pollution and stricter fuel efficiency rules. In relation to this, more engineering resources will be needed. Cummins supplies diesel engines for the Chrysler Group in the U.S. light vehicle market

Analysts were informed last month that the company’s annual sales are predicted to increase by over 60% and hit $30 billion in 2015. Cummins anticipates that revenue will grow to an average of 14% a year from 2011 to 2015. Despite the weak economic growth in many global markets, its revenues are higher due to the overseas demand and more stringent environmental standards for engine emissions.

Last month, COO Tom Linebarger told analysts that he doesn’t know how bad the economies will be but he remains “confident” in its long-term profitable growth. Cummins’ engineering expertise proved to be an advantage in light of the tougher standards for engine exhaust.

This was seen more clearly in emerging markets where several domestic competitors lack the technical skill to meet the tougher rules. Demand is driven higher by the expansion of infrastructure in emerging economies like South America, China and India. Cummins's engines are used in construction equipment, commercial trucks, and power generators.

Topics: united states

If you liked the article, share on:

Comments

Login or Create new account to add a comment!

Recommended

The highlight of this year’s Consumer Electronics Show may be based on some of these keywords---connectivity, integration and partnership. Just like in the previous year, you’ve probably heard and read...
by - January 16, 2017
Less than three weeks to go and the Super Bowl LI – one of the most awaited and most watched sports events in television – will commence on February 5,...
by - January 16, 2017
New Tesla vehicles will have to pay when charging at any of the carmaker’s Supercharger stations once they exceed their annual limits. This comes as Tesla Motors announced revisions in...
by - January 16, 2017
Off-road driving with an open air vehicle provides another kind of experience for many off-road enthusiasts and fans. For this sake, Ford is planning to offer a version of the...
by - January 16, 2017
For those who love driving, future autonomous cars should be like the Toyota Concept-i that is drawing in a multitude of visitors at the 2017 Consumer Electronics Show in Las...
by - January 15, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries