Hagerty in Traverse City announced big cutbacks in staffing. They released the following statement:
“Hagerty today announced that we are eliminating 6% of our workforce. Although a small percentage of our team members were impacted by this extremely tough decision, we are committed to being as supportive as possible by offering transition assistance, including outplacement services and severance benefits to displaced employees based on various factors including years of service. This move is intended to position us for continued long-term growth and profitability as a leading automotive lifestyle brand. The financial health of the company remains sound, as indicated by our double-digit year-over-year revenue growth in Q3.”
9&10 News is working to learn more about how this move will impact workers in Northern Michigan.
