News
News Home
Quick Bites
Exploradio
News Archive
News Channel
Special Features
NPR
nowplaying
On AirNewsClassical
Loading...
  
School Closings
WKSU Support
Funding for WKSU is made possible in part through support from the following businesses and organizations.

Area Agency on Aging 10B, Inc.

Northeast Ohio Medical University


For more information on how your company or organization can support WKSU, download the WKSU Media Kit.

(WKSU Media Kit PDF icon )


Donate Your Vehicle to WKSU

Programs Schedule Make A Pledge Member BenefitsFAQ/HelpContact Us
Economy and Business


Long-time area company is losing money and making cuts
ATM maker Diebold was going to build a new corporate headquaters here, now it's cutting workers
by WKSU's TIM RUDELL


Reporter
Tim Rudell
 
Governor John Kasich in January of 2012 at Diebold's HQ in Green. He was helping to announce plans for a new Diebold HQ complex--plans that have since been cancelled
Courtesy of tpr
Download (WKSU Only)

Diebold is cutting hundreds of jobs; many right here.  The global ATM maker headquartered near the Akron-Canton airport delivered the news along with its first quarter earnings report.  WKSU’s Tim Rudell has more.

Click to listen

Other options:
Windows Media / MP3 Download (1:10)


Posting a $13.4 million loss for the first quarter is a disappointment, said Diebold Chairman Henry Wallace, as he gave an overview of the company’s financial performance to date in 2013.  A few minutes later, the disappointment trickled down when Chief Operating Officer George Mayes talked about steps to cut costs and improve Diebold’s financial performance. “The near-term actions the company has taken include reducing our headcount by 700 full-time positions; primarily in North America and corporate operations.”

But, said Mayes, the majority of cuts have actually already taken place. He did not say where, but Diebold did recently sell two plants, one in Virginia, and one in North Carolina with a combined employment of about 140.  The Porter's Group of Bessemer City, North Carolina, a long-time Diebold supplier bought them.  Porter's also bought a plant from Diebold in South Carolina in the mid 2000s. 

In January of this year Diebold’s then CEO and then Chief of North American Operations resigned due to the company’s lagging performance.  At about that same time George Mayes was appointed to a newly created COO position.  And, according to board Chairman Wallace, a world-wide search for the new CEO is on-going.


Related WKSU Stories

Swidarski is out as Diebold's CEO amid warnings of poor performance
Thursday, January 24, 2013

Kasich says he's backing away from business tax credits
Friday, December 14, 2012

What's next for Diebold?
Friday, October 26, 2012

UPDATED: Diebold puts $100 million headquarters on ice; layoffs are coming
Thursday, October 25, 2012

Diebold suspends construction of new headquarters
Thursday, October 25, 2012

Add Your Comment
Name:

Location:

E-mail: (not published, only used to contact you about your comment)


Comments:




 
Page Options

Print this page

E-Mail this page / Send mp3

Share on Facebook




Stories with Recent Comments

Farm-to-School: Cafeteria lunch is fresh and local at Tallmadge High School
Great job Tallmadge City Schools! So glad to have a progressive business manager and superintendant!

World premiere at Cleveland Institute of Music is fanfare for a new theme
J'ai une grande admiration pour Daniil Trifonov que j'ai vu en concert deux fois à Paris je ne lui trouve pas d'égal c'est un ange tombe du ciel

Kent's journalism school faculty protest presidential search secrecy
There really was too much secrecy behind the selection process. Hopefully the letter by the faculty members will convince the board to provide more information ...

Belgian cargo ship creates new export route between Antwerp and NEO
The vessel is registered in Amsterdam, The Netherlands. Not in Belgium ;)

Exploradio: Tracking Ohio's champion trees
Absolutely loved this story. We lost 3 of our larger ash trees last year due to EAB. Big, beautiful trees are something to be treasured, and many times they tru...

Ohio's rules on fracking and earthquakes are a first
I'm right in the middle of the issue. Like oil independence, but hope there is pre- and current-drilling assurance re dangers from pollution, earthquakes and th...

Bridgestone exec indictments are latest step in a billion-dollar price-fixing case
Why is O.P.E.C Not investigated and charges brought against it and it's member companies? It sounds exactly the same...

Ohio's new drilling rules rely on known earthquake faults
requiring drillers to place seismic monitors when they drill within 3 miles of known fault lines. This comment really upsets me!! What good does an instrument t...

Kasich's gubernatorial ad focuses on his blue-collar roots
John Kasich is the biggest con-man in America. He will say one thing and then do the opposite. He is terribly successful at fooling the public and he is worki...

Cab drivers who refuse to drive Gay Games taxis will be replaced
the irony is that most americans distrust or hate muslims much more than they hate gays!! silly ignorant bigots-GO HOME!!!

Copyright © 2014 WKSU Public Radio, All Rights Reserved.

 
In Partnership With:

NPR PRI Kent State University

listen in windows media format listen in realplayer format Car Talk Hosts: Tom & Ray Magliozzi Fresh Air Host: Terry Gross A Service of Kent State University 89.7 WKSU | NPR.Classical.Other smart stuff. NPR Senior Correspondent: Noah Adams Living on Earth Host: Steve Curwood 89.7 WKSU | NPR.Classical.Other smart stuff. A Service of Kent State University