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BUSINESS AGENDA

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    Polaris says snowmobile, ATV business slow; 110 laid off

    By Joe Kimball | Published Thu, Jan 22 2009 12:26 pm

    The slumping economy hits again: Polaris Industries has cut production of its Ranger utility vehicle at its plant in Roseau and laid off more than 110 employees, the Associated Press is reporting.

    The maker of snowmobiles, ATVs and other leisure vehicles has been battered as the economy turned to recession and discretionary spending has tapered off.

    Mark Karl, director of operations for the company's plant, disclosed the layoffs this week in a speech at Roseau's Civic and Commerce Banquet. Polaris Director of Investor Relations Richard Edwards says the company has gone from two shifts to one for the production of its Ranger utility vehicles in Roseau.

    Edwards would not discuss current sales or production figures, but did say there's been a drop-off from the fourth quarter a year ago.

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