Bloomington, Minnesota-based The Toro Company, the iconic manufacturer of home, commercial, and industrial landscaping products, announced that it was proceeding with its restructuring and integration plans that will result in a company-wide layoff of an estimated 110 employees, including at the recently acquired Perry, Oklahoma Ditch Witch facility. A company spokesperson noted, ““The decision was incredibly difficult, as we recognize that our employees have helped make meaningful contributions to our company’s culture and success. All of the affected employees will receive transitional assistance from the company. Perry continues to be an important facility within the collective enterprise.”
According to Toro's chairman and chief executive officer, Richard M. Olson, "Third quarter revenue growth was driven by the addition of the Charles Machine Works portfolio as integration continues to progress as planned. The entire team has been collaboratively working to optimize the combined enterprise, with a focus on consistent execution, an unwavering commitment to innovation and a focus on customer relationships. I am proud of our team's progress to date."
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life, or promises for a bright future. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?