More work force reduction at Mercury - Trade Only Today

More work force reduction at Mercury

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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.

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