Terex Says It Hired 500 Workers in Washington in First Quarter

Terex Corp. (TEX), a maker of cranes and construction equipment, hired about 500 workers at two Washington plants during the first quarter to meet demand from customers replacing aging machinery.

“This is a replacement market,” Ron DeFeo, chief executive officer of the Westport, Connecticut-based company, said in an interview on Bloomberg Television’s “InBusiness with Margaret Brennan.”

The company hired the workers at its Redmond and Moses Lake plants, which manufacture so-called aerial work platforms that are used to lift workers in the construction, utility and bridge maintenance industries, Tom Gelston, a Terex spokesman, said in a telephone interview. The hirings were made to meet rising demand from customers wanting delivery between March and September, Gelston said.

Terex’s aerial work platform unit’s global workforce was cut by about half to about 3,000 in 2010 from 2008.

To contact the reporters on this story: Shruti Singh in Chicago at ssingh28@bloomberg.net; Margaret Brennan in New York at mbrennan25@bloomberg.net

To contact the editor responsible for this story: Simon Casey at scasey4@bloomberg.net

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