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Stock impact report

BRP Inc. temporarily lays off office workers following global production halt [Toronto Globe and Mail (Ontario, Canada)]

BRP Inc. - Common Subordinate Voting Shares (DOOO) 
BRP Inc. temporarily lays off office workers following global production halt The maker of Ski-Doo snowmobiles and Sea-Doo watercraft says “some employees” will be laid off or furloughed. Christinne Muschi/The Globe and Mail The maker of Ski-Doo snowmobiles and Sea-Doo watercraft says “some employees” will be laid off or furloughed. BRP Inc. is announcing temporary layoffs of office workers as part of cost reduction measures prompted by the COVID-19 pandemic. The maker of Ski-Doo snowmobiles and Sea-Doo watercraft says “some employees” will be laid off or furloughed, while others will work reduced hours or fall subject to permanent layoffs. The move comes amid a new hiring freeze and after the company suspended all production lines and temporarily laid off the majority of its assembly line workers. CEO Jose Boisjoli says the decision aims to protect employees — 13,500 were employed as of Jan. 31 — and ensure the company’s long-term growth, stating that BRP entered the crisis “from Show less Read more
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