Mercury Marine Lay-off
Posted: Wed Jun 19, 2024 7:22 am
Brunswick’s Mercury Marine operation announced the lay-off of several hundred employees at its Fond du Lac, Wisconsin, plant, citing excess inventory and reduced demand from its boat builder partners for engines. The announcement is excerpted below.
Earlier this year another one hundred employees at Fond du Lac were laid off.
Mercury Marine has announced a reduction in workforce of 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.
Earlier this year another one hundred employees at Fond du Lac were laid off.