THIEF RIVER FALLS, MN (trfnews.i234.me) Textron, the company that owns the Arctic Cat snowmobile manufacturing plant in Thief River Falls, MInnesota says the plant will be shutdown by May 22nd.
Arctic Cat Announces Closure By May 22nd
THIEF RIVER FALLS, MN (trfnews.i234.me) Textron, the company that owns the Arctic Cat snowmobile manufacturing plant in Thief River Falls, MInnesota says the plant will be shutdown by May 22nd.
Sorry to those who lost their gig, that's not a fun time in an already stressful as f**k world. I expect more from all these types of manufacturers to be going out soon, most people don't have 10-15k laying around for a snowmobile they will use 4 months out of the year if they are lucky.
Thanks Trump
Feel bad for those who worked at Arctic Cat and for the TRF community. Losing jobs=losing families=losing students =losing teachers. The cycle of failure in smaller communities is scary for everyone
Beware of market myopia.
"Market myopia" refers to a business strategy where a company becomes so focused on selling their existing products or services that they neglect to consider the broader market needs and potential future trends.
This is what happens when your govt (decades ago) adopted all the 10 Communist Manifesto Planks.. Bigger cities get bigger and rural cities get smaller.. Educate yourself on the issue.
This what happens when these multi-national companies buy local companies. Look at what happened when Kraft/Heinz bought Dot's pretzels, they closed up the plant and moved it to the east coast.
I hope the brand is acquired by a new owner who has more passion in this market segment, who keeps the facilities running (upgraded), and offers (re)employment opportunities to the loyal team members.