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More shutdowns planned at JLG Industries

May 22, 2001

More shutdowns planned at JLG Industries



McConnellsburg, Pa.

By RICHARD F. BELISLE / Staff Writer, Waynesboro


A continued slowdown in orders for aerial manlifts is forcing JLG Industries to call for additional sporadic plant shutdowns into July, a company official said Monday.

Initially, about 1,100 workers at JLG's main plant in McConnellsburg and another 600 at the company's plants in Shippensburg, Pa., and Bedford, Pa., were sent home for 10 days beginning May 4. Another shutdown, for four days, begins May 26.

On Monday, Sam Swope, vice president of human resources, said all three plants would close again for nine days from July 2 through July 13. Included in those dates is the Fourth of July holiday.

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Management expects to keep its options open, with possible further shutdowns on some production lines after July 16 that could affect 60 percent of the company's 1,700 workers, Swope said.

The goal of the shutdowns is to give JLG time to reduce its inventory of boom lift and scissors lift aerial platforms.

The company's fiscal year runs from Aug. 1 through July 31. Swope said JLG reported record revenues for the first quarter and a good showing in the second quarter. Sales are expected to show a drop in the third quarter, which will be announced later this month.

Swope said the uncertainty of the overall economy is making lending institutions jittery.

"The lending institutions are not as prone to make capital loans to our customers," Swope said. He anticipates that the latest drop in interest rates announced last week may help.

JLG will continue to monitor the situation and make decisions accordingly, he said.

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