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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

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
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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.

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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

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