FOND DU LAC, Wis. (AP) -- Mercury Marine, hit with a decline in retail boat sales, is reducing engine production and is cutting its workforce.
Mercury Marine says it plans to reduce its hourly work force in Fond du Lac by 160 positions during the next two weeks.
Mercury employs about 2,500 salaried and hourly individuals in Fond du Lac.
With escalating living expenses, consumers don't have as much money to spend on discretionary items.
The boating industry is faltering as a result.
Mercury's parent company, Brunswick Corporation, announced in June that it planned to trim $300 million in fixed costs from its operations.
The cuts included the layoff of as many as 2,700 employees.