Minneapolis, MN (April 24, 2017) — Polaris Industries Inc. (NYSE: PII) today announced that it is making two changes to its manufacturing network to consolidate production of like products and better leverage plant capacity. Changes include:
As a result of these two changes, approximately 390 jobs will be impacted – the majority of which will be relocated within the Polaris manufacturing network throughout 2017. Polaris is offering the opportunity for Milford and Riverside employees to relocate within its network, as well as providing resources including separation pay, assistance with health insurance coverage, and outplacement services.
“Since we opened the Milford facility in 2013, the team has performed admirably. They played a critical role in making the first full year of Slingshot a success and have been instrumental in driving manufacturing improvements across our off-road vehicle products, and we sincerely appreciate their contributions to Polaris,” said Ken Pucel, Executive Vice President of Operations, Engineering and Lean. “We evaluated a number of options to streamline our plant infrastructure. While the decision was difficult because of the impact to jobs, discontinuing manufacturing at Milford – one of our smaller manufacturing facilities – allows us to consolidate the production of similar products and improve utilization of our available capacity across the rest of our U.S. manufacturing network.”
Polaris’ Spirit Lake facility, just a few miles away from Milford, remains a critically important part of Polaris’ manufacturing footprint and will continue to serve as the manufacturing center of excellence for Indian Motorcycle. Polaris is making investments to enhance the Spirit Lake facility, including a new experience center, upgraded employee facilities and additional office space.
Polaris Industries Inc. (NYSE: PII) is a global powersports leader that has been fueling the passion of riders, workers and outdoor enthusiasts for more than 60 years. With annual 2016 sales of $4.5 billion, Polaris’ innovative, high-quality product line-up includes the RANGER®, RZR® and Polaris GENERAL™ side-by-side off-road vehicles; the Sportsman® and Polaris ACE® all-terrain off-road vehicles; Indian Motorcycle® midsize and heavyweight motorcycles; Slingshot® moto-roadsters; and Polaris RMK®, INDY®, Switchback® and RUSH® snowmobiles. Polaris enhances the riding experience with parts, garments and accessories, along with a growing aftermarket portfolio, including Transamerican Auto Parts. Polaris’ presence in adjacent markets globally include military and commercial off-road vehicles, quadricycles, and electric vehicles. Proudly headquartered in Minnesota, Polaris serves more than 100 countries across the globe. Visit www.polaris.com for more information.