Today's RealMadison.org feature: Wisconsin-based skidsteer maker Gehl Co. has signed an acquisition deal with Manitou BF of France. Manitou is buying up Gehl stock and hopes to gain full control of the company by October.
Gehl employs almost 400 workers here in Madison, almost twice the workforce of Dakota State University. How will the acquisition affect those jobs? No explicit mention of layoffs yet, but the numbers from Manitou say that once the deal is completed, Manitou will employ about 3,500. Manitou says it currently employs about 2,800, while Gehl employs about 900. Hmmm... might want to start learning French!
More numbers and links at RealMadison.org!
Update 2008.10.02: Manitou communications officer Damien Cocton replies on the discrepancy in job numbers, seems to say the difference is based on changes already committed since 2007. Read his e-mail for yourself at RealMadison.org.
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