Eaton To Cut 5,200 Jobs To Reduce Costs

Eaton Corp., Cleveland, said it would cut 5,200 jobs as part of a plan to reduce costs because of a drop in demand for its products. The move is intended to help the company reduce costs by $125 million in 2009 and follows 3,400 job cuts last year.

"We took significant employee reduction actions in 2008 in anticipation of the severe downturn, and in January we have taken further actions," said Alexander M. Cutler, Eaton chairman and CEO."The continued decline in our end markets in ear

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