Cycling Sports Group Inc., known for its Cannondale brand, will close its Wilton office. This closure will result in 143 employees losing their jobs. The layoffs will affect various departments, including engineering, sales, and finance. The company, part of Netherlands-based Pon Holdings, has roots in Connecticut dating back over fifty years. The reason for the closure has not been disclosed.
Wilton, Connecticut
https://hartfordbusiness.com/article/bicycle-company-to-close-ct-office-layoffs-to-affect-143-workers/