More work force reduction at Mercury

Posted on

Mercury Marine will reduce its hourly work force in Fond du Lac, Wis. by approximately 160 positions in response to current marine market conditions.

The company, which is a unit of Brunswick Corp., expects to complete these reductions by the end of January.

“Like many companies in the marine industry, Mercury continues to monitor and respond to the ongoing economic challenges facing the market, including tightening credit, high fuel prices, falling home values and escalating living expenses — all of which result in weakening consumers’ ability to purchase discretionary products,” said Brunswick spokesman Dan Kubera.

Mercury employs approximately 2,400 salaried and hourly individuals in Fond du Lac.

Brunswick earlier this year announced plans to close plants and lay off more than 1,000 employees in order to cut about $300 million in fixed costs by the end of 2009.

Welcome to TradeOnlyToday’s premium content! To continue reading, please register now, for access to 10 free stories per month. Or subscribe, for unlimited access to all TradeOnlyToday content!

Click here to Register ... it's free!

Basic subscription: Registered members get free access to 10 premium content stories each month!

Not a member yet? Click here to Register!

Already a member? Click here to Login!

Subscribe ... for unlimited access!

Individual subscription: $29 for unlimited site access for one year.

Small Business subscription: $140 for unlimited site access for up to 10 members of a company for one year.

Corporate subscription: $300 for unlimited site access for all members of a company for one year.

You may close this dialog after seconds.

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Comments are moderated and generally will be posted if they are on-topic and not abusive. For more information, please see our Comments Policy.

Vote Today

Is the decision to move the Miami show to the Miami Marine Stadium a good one?

View Results

Loading ... Loading ...

Search Boats for Sale

Length
Year
Price

Login to Trade Only Today

Lost Password