Arctic Cat Reduces Workforce

Arctic Cat announced February 8 the reduction of its workforce to lower the company’s cost structure and align resources wtih current business conditions.
“This was not an easy decision, but it reflects the realities of the current industrywide market conditions, particularly for sales of snow-related products,” said Christopher A. Tuomey, chairman and chief executive officer. “We are rightsizing the business to lower our cost structure, strengthen our profitability and increase our long-term competitiveness. We continue to be excited about the snowmobile market and plan to keep investing in this profitable business at levels that allow us to develop innovative new product, but also more realistically reflect the current size of the market.”
Approximately 65 positions are being eliminated, effective immediately. This reflects about 4 percent of Arctic Cat’s total workforce of 1,800 people. Most of the positions were eliminated from the company’s Thief River Falls, MN, production headquarters.

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