BLOOMINGTON, Minn. (BRAIN) — Quality Bicycle Products reduced its workforce by 2% on Wednesday.
A spokesperson for the distributor said the reduction was "to ensure our long-term sustainability and success as we continue to navigate the powerful, unpredictable economic pressures and unsteady shifts confronting the bicycle industry."
Multiple QBP departments were affected, the spokesperson said, but won't impact North American distribution centers.
In July 2023, QBP laid off 5% of its workforce in multiple departments at its U.S. facilities. About 50 employees were laid off in September 2022.
QBP closed its bicycle mechanics school in June 2023.