Polaris lays off 100 workers, half in Twin Cities

Polaris Industries Inc. laid off about 100 workers, half at operations in the Twin Cities, executives said Tuesday as the company announced a drop in fourth-quarter profits and warned of a steeper dip in the first quarter of this year.

The Medina-based manufacturer of off-road vehicles and motorcycles informed workers of the cuts on Monday. Polaris was aiming to reduce employment costs by 7 percent as it grapples with revenue and profit pressures.

http://www.startribune.com/polaris-sees-4q-profit-fall-18-percent-warns-of-slower-2016/366553471/