Peavey Begins Global Restructuring

To many ads? Support ODJT and see no ads!

steve149

Shine on you crazy diamond
Staff member
Sep 26, 2011
28,175
45,944
Connecticut
http://www.prosoundnetwork.com/article/peavey-begins-global-restructuring/18397

Looks like there will be 100 or so layoffs and a re-focusing.

According to Peavey:

“The reorganization includes focusing US-based manufacturing on Peavey’s premium products, and moving other manufacturing assets closer to its critical and emerging markets.” Company founder and CEO Hartley Peavey clarified that position to local newspaper The Meridian Star, stating, “We operate in 136 countries. Our product mix has changed; instead of building great big speaker boxes, people are wanting little compact things. We just can't ship big boxes around the world and be competitive. So we are downsizing our production of those kinds of things. Basically, most of the lower end of the product line has gone off-shore, and the big stuff—the expensive stuff—we're keeping in the United Sates.”
 
  • Like
Reactions: ittigger and drzinc