Winnebago pauses production lines
Motor-home manufacturer Winnebago Industries Inc. will shut down most of its production lines for a week beginning Monday.
Motor-home manufacturer Winnebago Industries Inc. will shut down most of its production lines for a week beginning Monday, the result of a slowdown in sales. Low consumer confidence and a tough consumer-loan environment are the two main factors that affect business, the Forest City, Iowa, company said. The shutdown at the comopany's factories in Iowa will affect most of the company's 3,000 workers.
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Annual Salary Survey
Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.
There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.
But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.
Read more: 2015 Salary Survey