"...up 33 percent from the year-ago quarter, and record net income,...Closing plant firing 484 peopl

[SoCalDem]

Polaris plant closure to begin in March; 484 jobs to be lost
http://host.madison.com/wsj/business/article_0b8fd204-0ee9-11e0-b63c-001cc4c002e0.html


JUDY NEWMAN | [e-mail] | 608-252-6156 madison.com | (46) Comments | Posted: Thursday, December 23, 2010 5:01 pm



Polaris Industries notified the state Department of Workforce Development this week that it will close its plant in Osceola, in a six-month shutdown set to begin March 1. The jobs of 484 employees will be eliminated.

In its third quarter results, released in October, Polaris reported sales of $580 million, up 33 percent from the year-ago quarter, and record net income, but said it will realign manufacturing, consolidating operations in Roseau, Minn., and Spirit Lake, Iowa, and in a new factory in Monterrey, Mexico.

The Minnesota company announced in May that it would close its Osceola plant, about 270 miles northwest of Madison.

Polaris makes snowmobiles, all-terrain vehicles and motorcycles.

[davidinalameda]

1. and will probably be hiring more at the other plants

I'd hope that the company would offer any new jobs to the workers losing theirs

[Motown_Johnny]

2. More likely this is the first step in moving all the manufacturing to Mexico

NAFTA strikes again


good thing they just made all that money so they have the capital to build new factories south of the boarder

[FreakinDJ]

4. and in a new factory in Monterrey, Mexico

[Davis_X_Machina]

3. This must be a recession-sensitive business....

...there are a lot of snow machines up here for sale in people's dooryards, even though it's mid-winter

How are they making all that money selling big-boys'-toys?

[Motown_Johnny]

5. snow machines?

Honestly?

[Davis_X_Machina]

7. Yep. You'd think people would hold off...

...selling them till spring, get one more winter out of them. They pop up on lawns like crocuses then, even in good times.

Folks must be hard up...

[FreakinDJ]

6. sales of $580 million, up 33 percent from the year-ago

[Riley18]

8. Reagan must have meant that the money and jobs would

really trickle down to Mexico. I think Polaris would be a good company to boycott. It is a shame how difficult it is to remember all the companies that have moved their manufacturing out of our country. I am still amazed that there are people who can afford to keep buying the stuff anyway.

[madrchsod]

9. a lot of the comments are hitting back at the new governor in wisconsin

he promised tens of thousands jobs and he`s lost an estimated 9000 already.

[Horse with no Name]

10. Wonder how much their tax cut was? n/t

[Incitatus]

11. I wonder which plant will get the most jobs

Roseau, Minn., Spirit Lake, Iowa, or the new factory in Monterrey, Mexico.

Hmmmmm. Tough call

[SoCalDem]

12. and how many customers for snow machines are there in Mexico?

:(

[DeSwiss]

13. Goddamned fucking NAFTA. Thanks Bill. K&R - n/t