Outboard Marine To Lay Off 1,000
Boat manufacturer Outboard Marine Corp. said on Tuesday it plans to reduce its worldwide workforce by about 1,000 employees, or about 14 percent of its staff, and retained an investment banking firm to evaluate strategic options. The company said the moves to reduce costs and improve focus on key business segments are necessary to offset softness in the company's operating performance, which resulted primarily from material supplier problems in the engine division along with a recent slowdown in the recreational marine market. The company also said it is currently exploring strategic alternatives and has retained the firm of Houlihan, Lokey, Howard & Zukin to help in that effort.
Federal-Mogul Gets Outboard Marine Contract
Federal-Mogul Corp. reportedly received a contract to supply pulse-driven fuel pumps and fuel vapor separator/electric fuel pump modules to Outboard Marine Corp. for use on outboard engines.
Federal-Mogul Gets Outboard Marine Contract
Federal-Mogul Corp. reportedly received a contract to supply pulse-driven fuel pumps and fuel vapor separator/electric fuel pump modules to Outboard Marine Corp. for use on outboard engines.
Federal-Mogul Gets Outboard Marine Contract
Federal-Mogul Corp. reportedly received a contract to supply pulse-driven fuel pumps and fuel vapor separator/electric fuel pump modules to Outboard Marine Corp. for use on outboard engines.
