Wisconsin’s Mercury Marine Lays Off 1,700, Employees Face Financial Uncertainty Amid Staggered Job Losses
Thousands of people in Fond du Lac are losing their jobs as a shocking Wisconsin corporation begins layoffs.
Due to “short-term layoffs,” Mercury Marine will be laying off around 1,700 hourly workers. According to NBC 26, employees expressed astonishment and anxiety over the statement and its implications for the future.
A total of eight weeks of work, divided into two-week increments, will be lost by the impacted employees.
Mercury stated it will “continue to monitor demand” in response to a question about the impending layoffs.
More than 400 workers were let off earlier this year, and now this news follows on their heels.
Hourly workers would lose eight weeks of work, divided into two-week increments, from early July through November, according to a memo to staff acquired by NBC 26.
According to Gordon, 1,700 workers will be let go in two-week increments without pay, although they will have the option to seek unemployment benefits. A guy whose identity we decided to conceal to preserve his job was one of the numerous employees whose layoffs I spoke with.
The worker expressed concern that the policy will impact many individuals financially.
“Because they aren’t making as much money as they normally would, some friends of mine who work there will end up falling behind on child support.”
Even if he gets unemployment benefits, he will only receive approximately half of his salary, he claimed. He has been seeking employment elsewhere but has not been successful in finding a position close to Fond du Lac that pays as much as Mercury.
“Many people, particularly those with smaller bank accounts, are going to feel the pain…” “There’s simply no way to compensate for the disparity,” the employee stated.
While the company is still employing thousands of people in Wisconsin and is continuing to build its market share globally, spokeswoman Lee Gordon stated that this is not enough to completely counteract the overall market headwinds at the moment.