Polaris plant closure to begin in March, cutting 484 jobs

December 24, 2010 – (Motor Sports Newswire) – 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.

SOURCE: Wisconsin State Journal

####

7 Comments

  1. If your firures are correct, you should close the Mexico plant and concentrate on your homeland !!!!!!!!!!!!!!!!!

    • Believe it or not Polaris is thinking about the Homeland. Polaris has to build a production plant out side of the Great USA to remain competitive in the European, Middle east and Asian country’s. They have make this move because of all of the Tree hugging Global Warming believing idiots in our country that have made the cost of building a EPA compliant ATV so costly.
      And don’t forget to thank our brilliant law makers for inflating all of the exportation cost for Home land American manufactures that they are forced to make this move to remain a growing and profitabloe AMERICAN COMPANY. Maybe if the import taxes were higher they could remain here!

  2. Did the state of Wisconsin pass a new tax or law that make it too costly to do business there? The story lacks any reasons for Polaris’s departure. What did Wisconsin’s state bureau say about that decision? C’mon guys how about some depth in the story please!

  3. Polaris is greedy. Dealer margins are 5% and they are subjected to being their R&D department. They will suffer the same fate as the other manufacturers that have employed the same business theory. Big today and struggling tomorrow. Look at how Suzuki is doing today.

  4. i have been a suzuki dealer since 1973 – they made a difficult choice..yes, it has been a tough one for dealers too but remember, if they don’t sell product, they & we[dealers] don’t make any money. maybe our political leaders should have made these tough choices 2 years ago….my opinion only, but they can’t make a difficult decision unless it benefits them directly.

  5. Bye, Bye Polaris. No hable espanol.
    Does anyone else wonder at the GREED of the Polaris management?
    They claim a 33% sales increase vs the same quarter last year and yet they still feel the need to try and increase their profits by making 484 Americans unemployed. Why didn’t they just hire illegal Mexicans here in the U.S. like everyone else.
    Pretty sure this will make a product that is already at the bottom of the industry in terms of quality and reliability even worse.

    Randy Fletcher

    • If I am reading you correctly you must be a consumer of imported motorsports products. Sounds like the pot calling the kettle black.

Comments are closed.