Terex Continues to Restructure, Cuts Additional 725 Jobs

Danielle Jackson

Westport, Conn. -- Terex Corp., which recently acquired Oklahoma City-based CMI Corp., has announced plans to cut 725 jobs from CMI, in addition to the 500 jobs it cut last week. Cuts were made as part of an expanded restructuring plan to save Terex an estimated $40 million per year.

Affected positions are in Conway, S.C.; Lebanon, Pa.; Glasgow, Mo.; Vancouver, Wash.; England; and Ireland.