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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
FOR THE MONTH OF JULY, 2000.
CNH GLOBAL N.V.
(TRANSLATION OF REGISTRANT'S NAME INTO ENGLISH)
WORLD TRADE CENTER
TOWER B, 10th FLOOR
AMSTERDAM AIRPORT
THE NETHERLANDS
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)
(Indicate by check mark whether the registrant files or will
file annual reports under cover of Form 20-F or Form 40-F.)
Form 20-F X Form 40-F
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(Indicate by check mark whether the registrant by furnishing the
information contained in this form is also thereby furnishing the
information to the Commission pursuant to Rule 12g3-2(b) under the
Securities Exchange Act of 1934.)
Yes No X
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(If "Yes" is marked, indicate below the file number assigned to
the registrant in connection with Rule 12g3-2(b): 82- _______.)
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[CNH LOGO]
NEWS RELEASE
FOR IMMEDIATE RELEASE
CNH ANNOUNCES INDUSTRIAL CONSOLIDATION ACTIONS TO
STRENGTHEN COMPETITIVE POSITION
For more Racine, Wisconsin (July 18, 2000) - CNH Global (N:CNH)
information contact: today announced a number of steps to consolidate its
global industrial organization that will further
improve the company's competitive position as one of
William B. Masterson the world's largest equipment manufacturers. This
01 262 636 5793 consolidation will facilitate the company's shift to
global product platforms, a move that will increase the
company's ability to cost-effectively manufacture
products that deliver a high-level of performance and
quality to its customers, and is a key part of the
company's expected $500 million in annual savings by
2003.
In North America, the industrial consolidation includes
the closure of manufacturing facilities in Illinois,
North Dakota and Wisconsin. CNH also intends to
increase the degree of outsourcing of non-core
components from its facilities around the world and, as
a result, will sell its component facility in Valley
City, North Dakota, and its foundry in Racine,
Wisconsin. In accordance with U.S. labor law, the
company will meet with unions that represent employees
at the affected facilities for discussions prior to
finalizing these integration plans.
CNH expects to announce further actions later this year
in other regions of the world.
"With our strong global and regional brands, we are
committed to meeting the needs of our customers by
achieving the premier competitive position in our
industry," said Jean-Pierre Rosso, chairman and chief
executive officer. "We have developed a comprehensive
plan that not only will create value within the
company, but will enable us to provide our customers
with the industry's best products and services."
The consolidation plan calls for the closure of the
Concord plant in Fargo, North Dakota, which produces
air seeders, no later than 2001 with production moved
to CNH's Saskatoon, Canada, plant. The Saskatoon plant
will be the company's center for planter and seeder
production for the New Holland and Case IH brands.
- CNH Global N.V. Administrative Offices 700 State
Street Racine, WI 53404 U.S.A. http://www.cnh.com -
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CNH's consolidation plans also call for the closure of
the company's combine plant in East Moline, Illinois,
and tractor production facility in Racine, Wisconsin,
which are scheduled for no later than 2004. Production
of current product lines will continue during this
time. The company intends to consolidate production of
combines for the Case IH and New Holland brands at the
company's plant in Grand Island, Nebraska, while the
manufacturing site for Case IH and New Holland row-crop
tractors will be at a North American location to be
communicated at a later date. These moves will be timed
with the launch of new global product platform designs.
Manufacturing of some product lines will be transferred
within CNH as part of the industrial organization
consolidation. Hay and forage equipment will be
transferred from the Grand Island, Nebraska, facility
to the Belleville, Pennsylvania, plant, while skid
steers will be moved from Belleville to the Wichita,
Kansas, facility, where Case skid steer lines are
currently manufactured.
The Valley City component facility and Racine foundry
are expected to be sold no later than 2001.
In Europe, the company has begun the initial steps of
its consolidation, having sold a component plant in
Hattingen, Germany, and announced plans to close a
facility in Kissing, Germany, by September 2000. The
company also closed the former New Holland headquarters
near London, England, in June 2000.
In total, these integration consolidation actions will
result in a global workforce reduction of approximately
1,800 employees. The company is committed to treating
affected employees in a fair and respectful manner.
These actions follow the previously announced
divestment of CNH facilities in Winnipeg, Canada;
Hesston, Kansas; Breganze, Italy; and Manchester,
England. The company continues to pursue the
divestiture of its plant in Doncaster, England. When
completed, these divestitures, which are in accordance
with conditions under which regulatory agencies in
North America and Europe approved the business merger
of Case and New Holland, are expected to reduce CNH's
global headcount by approximately 1,700.
CNH production facilities in North America will
include: Belleville, Pennsylvania; Benson, Minnesota;
Burlington, Iowa; Dublin, Georgia; Fargo, North Dakota;
Goodfield, Illinois; Grand Island, Nebraska; New
Holland, Pennsylvania; Racine, Wisconsin; and Wichita,
Kansas.
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With strong global brands, CNH is a leader in the
agricultural equipment, construction equipment and
financial services industries and had combined 1999
revenues of approximately $11 billion. CNH sells its
products in 160 markets through a network of more than
10,000 dealers and distributors. CNH products are sold
under the following brands: Case, Case IH, Fiatallis,
Fiat-Hitachi, Link-Belt earth-moving equipment, New
Holland, New Holland Construction, O&K and Steyr.
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SIGNATURES
PURSUANT TO THE REQUIREMENTS OF THE SECURITIES EXCHANGE ACT OF 1934,
THE REGISTRANT HAS DULY CAUSED THIS REPORT TO BE SIGNED ON ITS BEHALF BY THE
UNDERSIGNED, THEREUNTO DULY AUTHORIZED.
CNH Global N.V.
By: /s/ Kevin J. Hallagan
---------------------------------
Kevin J. Hallagan
Vice President, Associate General
Counsel and Assistant Secretary
July 19, 2000
