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Cummins needs to hire 7,000 engineers, CEO says

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Cummins Inc. needs to add 7,000 engineers within five years, CEO Theodore Solso said Wednesday at a Bloomberg Innovation and Jobs Forum in Washington, D.C.

The Columbus-based maker of diesel and natural gas engines and electric power-generation systems is forecasting a sharp rise in annual sales. Additional reductions in engine pollution and more stringent fuel efficiency rules will dominate engine technology and development for the next 10 years, requiring more engineering resources.

Those engineers will be hired in India, China and Africa as well as in the United States, United Kingdom and Brazil.

In the U.S. light vehicle market, Cummins is a supplier of diesel engines for the Chrysler Group.

The company told analysts last month that its annual sales are forecast to grow by more than 60 percent and reach $30 billion in 2015.

Cummins expects revenue growth to average 14 percent a year from 2011 to 2015.

Overseas demand and tougher environmental standards for engine emissions are pushing Cummins' revenues higher, overcoming weak economic growth in several global markets.

"Several of the economies where Cummins operates are clearly weakening," COO Tom Linebarger told analysts last month. "We really don't know how deep it will go. We are confident in the long-term profitable growth of the company."

Company officials said tighter standards for engine exhaust have allowed Cummins to leverage its engineering expertise, particularly in emerging markets where some domestic rivals lack the technical skill to comply with the tougher rules.

The expansion of infrastructure in emerging economies such as South America, China and India is driving demand for Cummins's engines used in construction equipment, commercial trucks, and power generators.

The company's engine shipments are also being helped by expanded output of oil, natural gas and mined commodities, executives told analysts.

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  • 7,000 Engineers
    Hey CMI - how about rehiring some of the 1,200 engineers you laid-off in 2009? How about rehiring some of the people who were already trained, qualified, and willing to come work for you? Oh wait - you can't? Why not? OH...that's right, you have a policy in place that says if you take a severance, you can't get rehired..>EVER<...good strategy.
  • It's not the taxes
    It's not the taxes, it's our standard of living. The reason we don't live like people in India or China is because we aren't paid like people in India or China. And quite frankly, we don't want to.
  • Cummins
    Now if only congress would revisit the tax structure for corps you'd see companies like CMI do more in the US. Clearly it is more profitable to have ops overseas to the detriment of the US tax base.

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