Calloway Golf announces restructuring; job cuts in the wings

Callaway Golf announced plans today to restructure its operations over the next 18 months, which will result in an undisclosed number of job losses at its Carlsbad and Toronto manufacturing and distribution centers.

The Carlsbad-based company issued a statement saying the restructuring is needed to improve efficiency, better customer support and bolster profits.

“The redesign of Callaway’s global operations creates a stronger, more flexible model that better positions our business for the future,” CEO George Fellows said.

He said the decision “was based on an extensive review of our operations structure and supports the gross margin improvements necessary to secure our leadership position in a competitive market.”

As part of the restructuring, Callaway also plans to create third-party logistics sites in Dallas and Toronto and establish a new production facility in Monterrey, Mexico.

Manufacturing and distribution capabilities will remain in Carlsbad and Toronto, but Callaway officials said there will be a gradual reduction in workforce at each location. It was unclear how many employees will lose their jobs.

Callaway plans to release its second quarter financial results tomorrow.

Related posts:

  1. Two Callaway golf ball patents deemed invalid
  2. Kyocera announces plans to build solar panels in San Diego
  3. SD Unified announces cuts, arts and athletics saved
  4. Park looks to weather state cuts
  5. Pfizer to consolidate research and development

Short URL: http://www.delmartimes.net/?p=2245

Posted by on Jul 27, 2010. Filed under Archives. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

Leave a Reply

Archives

Facebook

Bottom Buttons 1

Bottom Buttons 2

Bottom Buttons 3

Bottom Buttons 4

Bottom Buttons 5

Bottom Buttons 6

LA JOLLA NEWS

RANCHO SANTA FE NEWS

RANCHO SANTA FE NEWS

RSS RANCHO SANTA FE NEWS

  • Next step in Rancho Santa Fe Garden Club sale likely to be mid-October
    The Rancho Santa Fe Garden Club board won’t likely make a decision on the sale of its clubhouse until mid-October, according to co-president Fred Wasserman. The 1.04-acre property, home to the 7,974-square-foot clubhouse, has been listed with Colliers International and the realtors are handling all offers submitted. Nobody on the board is discussing the offe […]
  • Rancho Santa Fe water district director resigns after qualifying for ballot
    An announcement by John Ingalls, a 12-year veteran of the Santa Fe Irrigation District board, that he would immediately step down from his seat and not seek a fourth term, means that none of the three open seats on the panel will be contested at the voting booth this November. Ingalls, a Rancho Santa Fe resident who had filed his papers to run for a fourth t […]
  • Rancho Santa Fe resident among seven new trustees joining UC San Diego Foundation Board
    Proactive stewards, higher education advocates and expert financial strategists, UC San Diego Foundation trustees play an important role in cultivating community partnerships and garnering resources to support UC San Diego research, teaching and public service initiatives. Trustees govern the Foundation, including managing net assets totaling $717 million, i […]