A temporary shutdown last month at Mercury Marine was done in an effort to preserve the company’s cash and keep an already inflated inventory in check.
“The biggest issue is to preserve cash while we’re in this volatility,†said Ray Atchinson, vice president of human resources for Mercury Marine.
Atchinson said a second reason for the shutdown was to make sure the company isn’t “filling the pipeline†with inventory that will sit and age in dealer showrooms.
Rather than laying people off permanently, the company is utilizing temporary layoffs to preserve its work force so trained workers are in place when the market improves…Â More info
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