Thursday, January 31, 2008

Winnebago Industries to Lay Off 200-225

Winnebago Industries Inc. will lay off from 200 to 225 workers as the recreational vehicle industry continues to see a downturn. The company confirmed the layoffs Wednesday in a conference call with industry analysts to discuss the retirement of Chief Executive Officer Bruce Hertzke and the succession of President Bob Olson to chief executive. Olson said Winnebago had postponed downsizing but high fuel prices and low consumer confidence has dampened motor home purchases and 2008 sales are expected to be flat. Winnebago employs 3,200 workers. Its last round of layoffs were in 2005, when 170 workers lost their jobs. Most were rehired within 30 days.

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