Hyster-Yale to cut 575 staff
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HYSTER-YALE ANNOUNCES COST REDUCTION ACTIONS AMID CHALLENGING MARKET CONDITIONS
November 19, 2025 4:43 PM ESTCLEVELAND, Nov. 19, 2025 /PRNewswire/ -- Hyster-Yale, Inc. (NYSE: HY) today announced a restructuring plan that furthers progress toward the operational and overhead structures required to serve customers and shareholders optimally. Current economic and industry dynamics provide a catalyst to further optimize the business' cost structures, reducing its break-even point to better align with current low industry volumes, particularly in the industrial segment. This action better positions the Company for enhanced profitability when... More
