In a year from now Milwaukee-based specialty vehicle maker REV Group will have about 200 employees in the city, up from its current headcount of 110, chief executive officer Tim Sullivan told BizTimes Milwaukee.
This story by Arthur Thomas originally appeared in BizTimes Media Milwaukee.
The company announced a $1.9 million restructuring effort on its most recent earnings call, expected to generate $20 million in annualized savings. The plan included the closure of REV Group’s Miami office and consolidating some production operations.
While REV Group’s overall headcount will decline, the number of Milwaukee employees will increase.
“The corporate organization had gotten quite large,” Sullivan said in an interview, noting REV Group had completed four acquisitions and launched two joint ventures and a Brazilian subsidiary in the last year.
When Sullivan decided to move the company’s headquarters to Milwaukee in 2016, some employees opted not to make the move. The company closed its previous headquarters in Orlando but opened a Miami office to accommodate them.
He told BizTimes nearly all of the positions in Milwaukee would be new hires. One of the biggest remaining challenges is figuring out where to locate all of the new staff, but Sullivan said there is time for the company to figure that out.