Milwaukee, Wisconsin-based Briggs & Stratton, an iconic manufacturer of gasoline engines, has announced that they will be closing their small engine plant in Murray, Kentucky plant by the fall of 2020. The closure will result in the layoff of 600 employees. The decision was based on economics and the necessity of reducing their manufacturing footprint with the consolidation of small vertical shaft engine production in the company’s Poplar Bluff, Missouri plant.
“The market for small vertical-shaft engines has been relatively stable over the last several years but has not grown for various reasons, including a difficult housing market driven by the lack of affordable single-family homes in the United States. Unlike other areas of Briggs & Stratton's business such as commercial engines and products which have seen double-digit growth, the residential walk-behind mower market, where the vast majority of these engines are used, has not rebounded to historical levels. Accordingly, the Company is taking action to right-size its footprint.”
According to Todd Teske, Chairman, President & CEO of Briggs & Stratton Corporation, “"Our residential engine business continues to be core to our company as we make progress on diversifying our business by growing our commercial presence. This production consolidation is important for the long-term health of this operation and will allow for better utilization of our assets by freeing up resources that we can use on growth areas within our company. Our team in Murray has done great things over the three decades since the plant was established. We are grateful for their work and the support we have received from the local community and Commonwealth of Kentucky."
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?