The nation’s leading motor home manufacturer has announced further cutbacks. Forest City-based Winnebago Industries is announcing that they are cutting pay and work hours for their salaried employees as they try to trim expenses and save jobs.
Winnebago says starting March 1st, most of their salaried employees will see a 3% cut in pay, while vice presidents will see their pay cut by 10%. Winnebago Chairman and C.E.O. Bob Olson says he’ll take a 20% salary reduction as part of this latest announcement.
The company also says workers will be forced to take a one- week furlough during the company’s fiscal fourth quarter, with most likely to take that week in the days leading up to the 4th of July.
Winnebago’s sales have dropped after the struggling economy and higher gas prices this last summer, with the company already cutting its workforce by 12% in the last three months of 2008.