Reliable sources tell us scores of Polaris executives are in route to Roseau to let 200-300 some people go. That number likely includes people from places other then Roseau, but it’s still a big number and not something we like to hear about any manufacturer. I’ll update later as news comes. One thing is for certain, Polaris is in for a tough time under current management.
Here’s the official line from Polaris:
“This was not an easy decision; however, we’re facing a tougher external environment in the ATV, international and snowmobile markets and need to realign resources throughout the organization,” said Tom Tiller, CEO, Polaris Industries. “This is part of a three-pronged initiative designed to make Polaris more competitive over the next 12 to 15 months and we are confident that these changes will allow us to better invest resources into the competitive ATV business, adjacent markets and new product opportunities.”
The staff reductions include 53 salaried positions and 24 temporary, intern and contractor positions worldwide. This represents two percent of the total Polaris workforce of 3,500.