Toro Co. to lay off 100 employees, freeze salaries

02/12/2009 | Forbes

Toro Co. has announced plans to cut 100 positions. The lawn-care equipment manufacturer also plans to freeze wages for all remaining employees and cut officer salaries by 10% for fiscal 2009. Toro will reduce its overall work force by 10% from last year and will do so through a combination of layoffs, not filling open positions and early retirements offered last year.

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