Big Dog Motorcycles is laying off 49 employees over the next 60 days as sales have continued to fall from their 2004 peak.
The company is laying off 22 employees, mostly production workers, today and 27, mostly office workers, in 60 days.
That leaves the company with more than 100 employees, down from a peak of about 340 people.
Owner Sheldon Coleman Jr. said the company must cut staff to adjust to sales that are less than half of their peak four years ago.
He said sales topped $100 million in 2004 but are expected to be about $40 million this year.
Big Dog Motorcycles, base-priced between $24,000 and $36,000, are luxury goods that have suffered as buyers have seen wealth evaporate as home prices have fallen and credit dry up as lenders have tightened standards, Coleman said.
But Coleman said he remains optimistic that the downturn is cyclical and the company will find its way back.
He said demand will revive as the economy rebounds and as the company expands overseas.
"There will be pent up demand as people see light at the end of the tunnel," he said.
For more on Coleman's thoughts on Big Dog's future, read Saturday's Eagle or come back to Kansas.com.
Big Dog lays off 49 as sales slump continues | Kansas.com
The company is laying off 22 employees, mostly production workers, today and 27, mostly office workers, in 60 days.
That leaves the company with more than 100 employees, down from a peak of about 340 people.
Owner Sheldon Coleman Jr. said the company must cut staff to adjust to sales that are less than half of their peak four years ago.
He said sales topped $100 million in 2004 but are expected to be about $40 million this year.
Big Dog Motorcycles, base-priced between $24,000 and $36,000, are luxury goods that have suffered as buyers have seen wealth evaporate as home prices have fallen and credit dry up as lenders have tightened standards, Coleman said.
But Coleman said he remains optimistic that the downturn is cyclical and the company will find its way back.
He said demand will revive as the economy rebounds and as the company expands overseas.
"There will be pent up demand as people see light at the end of the tunnel," he said.
For more on Coleman's thoughts on Big Dog's future, read Saturday's Eagle or come back to Kansas.com.
Big Dog lays off 49 as sales slump continues | Kansas.com
