Milwaukee-based specialty vehicle maker REV Group Inc. plans to cut 43 jobs from its Milwaukee-area workforce.
The company notified state and local officials of the cuts in a July 9 letter. The reduction is taking place at REV Group’s office at 245 S. Executive Drive in Brookfield but could also include some employees at its headquarters in downtown Milwaukee.
Customer service employees make up the largest portion of the cuts with around 18 positions. Other jobs included in the cuts include aftermarket buyers, accounting functions, business analysts and sales roles.
The cuts, part of a reorganization of the company’s parts businesses, are expected to start Sept. 21 and be complete by Oct. 31.
REV Group, which makes RVs, fire trucks, ambulances and busses, moved its headquarters to Milwaukee from Orlando under the leadership of Tim Sullivan, the former Bucyrus CEO who also brought Gardner Denver’s headquarters to the city.
Sullivan left the company in April and was replaced by Rod Rushing, a former Johnson Controls executive.
Rushing takes over a company facing potential challenges from the economic fallout of the coronavirus. The company’s recreational segment can be hurt by lower consumer confidence and disposable income levels while the fire and emergency and commercial segments could be hurt by lower tax revenues for municipalities.
In its most recent quarter, which ended April 30, REV Group saw a 21% decline in revenue, exlcusing its acquisition of Spartan ER. The company also reported a $7.6 million net loss compared to $5.6 million in net income last year.
