Arctic Cat to cut 60 jobs in state
MINNEAPOLIS (AP) -- Arctic Cat says it plans to cut another 60 jobs in Minnesota, its second round of layoffs this year.
The maker of all-terrain vehicles and snowmobiles lost $16.7 million in the fiscal fourth quarter. The company sees another slow year ahead.
Arctic Cat CEO Chris Twomey says the company is "focused on re-scaling the business."
Most of the Minnesota job cuts, which will take effect immediately, will be at the company's Thief River Falls manufacturing plant. Those reductions amount to about 5 percent of Arctic Cat's companywide work force of 1,200.
In January, the company announced slightly more than 100 job cuts.