LAYOFFS: Rich Tighten Belts
Submitted by advisor on Tue, 04/01/2008 - 11:40am.
SUB ZERO: Appliance News reports that Wolf/ Sub Zero is laying off a whopping 14% of its workforce, 235 of its 1700 employees, the majority of whom are Wisconsin HQ based and Sub-Zero specific with a few located at the Phoenix factory or related to Wolf. The layoffs are the result of a drop-off in sales and an increase in inventory.
UPDATE Apr 23: The Capital Times has the story, but jump down to the bottom to read the heated forum comments from both SZ employees and Madison residents. Capital Times
VIKING: Viking is laying off 4% or 48 of its 1200 employees.
