Winnebago shuts down plants
CHICAGO — Winnebago Industries Inc. said yesterday that it was shutting one of two key plants and laying off nearly 300 workers as it continued to face with the "extremely challenging" market for recreational vehicles.
The company, the No. 1 maker of recreational vehicles, said it was closing its manufacturing facility in Charles City, Iowa, which it opened in 2005, back when demand for motorhomes was strong.
It was the second time this year that Winnebago has slashed its workforce to deal with the slump in sales brought on by rising gasoline prices, falling home values and tightening credit.