With drop in demand, Winnebago will scale back production despite record earnings
BPC Staff Jun 23, 2022 | 3:58 pm
1 min read time120 wordsAll Latest News, Culture, Insurance & Investments, Manufacturing & Logistics
Des Moines Register: In a sign of a looming economic downturn, Winnebago Industries’ top executive said Wednesday that the company will slow production for the rest of the year — even as it reported record quarterly earnings. “We have identified certain days or weeks that we will be taking off or down, through especially the summer months,” CEO Michael Happe told analysts on a call after releasing the earnings report. Despite the company’s overall decline in production this year, Winnebago may not need to cut back hours for Iowa workers. It reported that demand for the motorhomes that employees make in Charles City, Forest City, Lake Mills and Waverly has not declined as fast as demand for its travel trailers.