KĖDAINIAI FREE ECONOMIC ZONE, Lithuania (BRAIN) Pon company officials buried a symbolic time capsule this week in the foundation of a new 40,000-square-meter (431,000-square-foot) bike factory being constructed here.
MORGAN HILL, Calif. (BRAIN) Specialized announced Wednesday that it is laying off 8% of its workforce in what the company called a “transformation.” The layoffs are across the company globally, including at company-owned retail stores in the U.S. and overseas. Public filings show that the company planned to let go about 120 workers in the U.S.
Some of Specialized's longtime adventure athletes like Sarah Swallow and Ty Hathaway were let go last week; they say the brand is cutting the entire ambassador program