According to a report from KHL, Manitou seeks to eliminate 63 positions amid increasing negative economic impact from the COVID-19 pandemic. The report detailed how the company has been facing a downturn since mid-2019; coupled with the impact of COVID-19, Manitou is expecting a 30% decline year-over-year in sales in its financial year 2020.
The company said it, "anticipates a reduction of 63 indirect positions within Manitou BF. A period of voluntary leave would…
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Today, we’re looking at Austria-based Pessl Instruments, an agtech provider operating under the METOS brand. Irrigation equipment manufacturer Lindsay Corporation recently acquired a minority interest in Pessl Instruments following a strategic partnership the 2 companies announced in May 2023.
