Stevens Point plant laying off a third of its workforce
STEVENS POINT, Wis. — A
major employer in Stevens Point will cut its workforce by at least a
third in the coming two years.
The Donaldson Co. manufacturing plant laid off 29 hourly employees
and six salaried workers this week. Spokesman Beck Cahn tells the
Stevens Point Journal that it will reduce its workforce by an
additional 150 to 200 employees through the next two years.
The company employs about 550 people at the plant, which
manufactures hydraulic, lube and fuel filters for customers in
engine and industrial hydraulics industries. After it finishes
restructuring, the plant will employ between 250 and 300 people.
Donaldson operates 140 facilities in 40 countries. Cahn says it's in
the process of conducting a company-wide restructuring.