Mercury Marine is laying off nearly 300 workers in Fond du Lac, and making workforce “adjustments” at other facilities, citing slower sales.
“Mercury Marine has announced a reduction in workforce of close to 300 employees at its Fond du Lac global headquarters, which will take place now through July, as well as some adjustments to overall operations in Wisconsin, St. Cloud, Florida, and Juarez, Mexico. These actions were taken due to softening of consumer demand in some of our markets mainly as a result of continued high interest rates and near-term reductions in boat production by Mercury’s boat builder partners. Mercury Marine's industry-leading products continue to gain market share around the world but at this time this is not sufficient to fully offset the overall market headwinds. Mercury remains one of the largest employers in the Fox Valley, and in the state of Wisconsin, with more than 3,500 full-time employees in Fond du Lac, and accounts for $5B in annual economic impact to the Fond du Lac Community,” a statement from the company says.
The company confirmed the legitimacy of a memo, dated Thursday, provided to Fox 11 by an employee, which said the 252 layoffs at Plant 15 are effective July 26.
https://fox11online.com/news/local/mercury-marine-layoffs-announced-fond-du-lac-nearly-300-workers