Associated Press, Published May 29 2009
Arctic Cat to cut 60 jobs, most of them in Thief River Falls, Minn.MINNEAPOLIS — Arctic Cat says it plans to cut another 60 jobs in Minnesota, most of them in Thief River Falls, in 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.
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