Nautilus Cuts Staff to Lower Expenses

Share this article:
The Nautilus Group Inc., Vancouver, WA, said last week that it laid off an unspecified number of employees to reduce expenses and expects to save $4 million in annual pre-tax savings.


For the third quarter, the company said it will record a restructuring charge of $200,000. The staff reduction equals 8 percent of its current labor costs.


"While the company enjoys a very strong financial position, we continually review the performance of our business segments, facilities and products," president/CEO Gregg Hammann said in a statement. "While we currently face a challenging business environment, we are clearly focused on our long-term corporate growth opportunities."


Nautilus markets, develops and manufactures health and fitness products sold under names such as Nautilus, Bowflex, Schwinn and StairMaster. It uses infomercials, response mailings, the Internet and inbound/outbound call centers to sell its products.


Share this article:

Sign up to our newsletters

Follow us on Twitter @dmnews

Latest Jobs:

More in News

NBA Names Insurance Exec as its CMO

NBA Names Insurance Exec as its CMO

Nationwide and State Farm veteran Pamela El takes the league's marketing helm next month.

Bloomberg Names Bigley CMO

Bloomberg Names Bigley CMO

Communications chief Deirdre Bigley is appointed head of global marketing for the business and financial news company.

2014 Essential Guide to Omnichannel Marketing

2014 Essential Guide to Omnichannel Marketing

The 2014 Essential Guide to Omnichannel Marketing—everything you need to know about Omnichannel, all in one spot. Read on for insight.