On February 17, 2004 the Huffy Corporation in Dayton,
Ohio announced it will cut
more than 100 jobs, or about a fifth of its management work force.
Most of the cuts will come from Gen-X, a Toronto-based
company Huffy bought in September of 2002.
The Gen-X division includes companies selling inline skating, snowboarding, skiing,
golf, and hockey products.
The inline skate companies and brands under
the Gen-X umbrella include Ultrawheels, Oxygen, Dukes,
Rage, and Street Attack.
Huffy, which employs about 2,700 workers,
reported a net loss of 11.8 million dollars in the fourth quarter of 2003.