Wabash National cutting more costs LAFAYETTE, IN (wbaa) - Wabash National is suspending the payment of cash dividends on its common stock.

President and CEO Dick Giromini says the weak economy and uncertainty about the timing of a recovery are to blame for the suspension.

He says the move will save the truck-trailer manufacturer approximately $5.5 million annually.

The news follows an announcement last week that Wabash National plans to extend its traditional two- week holiday shutdown through January 12th.

The Lafayette-based company will also keep 800 workers on layoff status at least through early February. © Copyright 2012, wbaa