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August 2012 featured a Voluntary Separation Program (VSP) as well as involuntary layoffs. This was due to the failed engine strategy, rising warranty costs and declines in commercial and military sales. The company let go 500 employees and in September 2012, announced plans to lay off 200 more salaried employees. [29]
Navistar is an American company that produces trucks, buses, diesel engines, and chassis under the International brand. It was created in 1986 as a successor to International Harvester, which had a long history of agricultural and construction vehicles.