FOND DU LAC, Wis. — Mercury Marine will reduce engine production and cut its workforce due to the slumping marine market, the Associated Press reported Monday.
The company said it plans to reduce its hourly workforce in Fond du Lac by 160 positions during the next two weeks. Mercury employs about 2,500 salaried and hourly individuals in Fond du Lac, according to the AP.
Boating Industry reported in June that Mercury’s parent company, Brunswick Corporation, planned to take action to reduce its fixed-cost structure by $300 million versus 2007 spending levels, which could ultimately result in the loss of up to 4,000 jobs.
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