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.

Hennes Paynter Communications

Greater Akron Chamber

Don Drumm Studios


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

An amendment to an Ohio agriculture bill may kill whole bill
I hope the Gov. sticks to his veto, Att takes more out of this state than it puts in.

From warehouse to writer: Terry Pluto's Thanksgiving thank you
Dear Terry: On my 8th cup of coffee trying to get Thanksgiving "Brunch" done ahead of time because I work nights. However, I just had to stop to contact yo...

The first big private gift comes in for the pro football HOF project
The HOF has needed a shot in the arm for many years and this project will go a long way to getting the attraction the attention it deserves (next: upgrad...

Environmental study nears completion in East Liverpool
Twenty years ago my twin sister and I protested the building and operation of the WTI facility citing several studies that indicated the risk of cancer due to ...

HOF's Canton expansion could take an island and make it a village
I live in the block from Broad St to the Hall of Fame and will be impacted by the expansion. I am in the process of selling my home and planned to long before i...

Cleveland redeploys police to replace rejected red-light traffic cameras
Periodic rotational enforcement without warning does NOT change behavior and the city officials know that. This is the basis of all officer-run enforcement trap...

New enrollment period offers more insurance options
The removal of federal funding for healthcare CO-OPs may limit the growth of the CO-OP movement. http://www.healthcaretownhall.com/?p=6381

The family of Boardman vet killed in Vietnam receives his medals
My name is Mike Eisenbraun. I am Larry's brother. I was 14 years old when Larry was killed in Vietnam. He has been gone for 46 years but it seems like yester...

Cleveland seniors are creating new wealth -- and facing new challenges
Why is anyone surprised that we people over 65 are not retiring? If you have been paying attention, defined company funded pensions were phasing out in the eigh...

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