Finance Forex

Winnebago to move diesel motorhome manufacturing back to Iowa

Winnebago To Move Diesel Motorhome Manufacturing Back To Iowa chapter is one regarding this Finance, Forex sorts, written much as our reporter Erick Emerson immediately upon February 4, 2019, these essay can search during the hastag diesel, Iowa, manufacturing, motorhome, Move, Winnebago. I am pleased to glad you as well as providing these anothers post belonging finance and I always writting these section everyday.

Winnebago Industries Inc.

WGO, -1.44%

announced Monday plans to move the manufacturing of Class A diesel motorhomes to Forest City, Iowa from Junction City, Oregon, a move that will lead to net losses of about 45 jobs. The recreational vehicle maker said the transition process will begin immediately, with a negative impact to earnings of 2 cents a share expected in both the third and fourth quarters before a positive impact expected to begin in 2020. The Oregon facility, which currently employees about 250 people, will employ about 30 people after the move is completed, while the move is expected to boost employment in Iowa by 175 positions. “While the strategic purpose of the company’s decision to move diesel manufacturing to Junction City years ago was well intended as a means to acquire additional motorhome assembly capacity and tap into an experienced RV workforce in the Northwest, we have not achieved our targeted operating efficiency and profitability goals,” said Brian Hazelton, general manager of Winnebago’s motorhome busineess. “This difficult decision to relocate diesel manufacturing back to Forest City, Iowa and centralize our diesel business value chain geographically is necessary.” The stock, which slumped 3.1% in morning trade, has plunged 35.4% over the past 12 months, while the S&P 500

SPX, +0.24%

has eased 2.0%.

Have breaking news sent to your inbox. Subscribe to MarketWatch’s free Bulletin emails. Sign up here.

You probably want to read others essay finance on our related part or you can review on popular chapter, I always publishing those finance part everyday for tips and tip off and ability in order to manage our finance together with living these financial freedom. These essay is posted immediately upon Erick Emerson with that title Winnebago To Move Diesel Motorhome Manufacturing Back To Iowa.

Related posts of "Winnebago to move diesel motorhome manufacturing back to Iowa"

Skechers shares soar as analysts weigh in on profit beat

Skechers USA Inc. shares soared 17% Friday as analysts weighed in on the casual shoe company’s better-than-expected fourth-quarter profit in earnings released late Thursday. Skechers SKX, +15.20%  posted...

My daughter bought a home for me, but now she needs cash and refuses my help

Dear Moneyist, I moved from Mississippi to New Orleans a year ago. I sold my house (at a loss) and bought a house that was more than double the cost I had sold it for. I am divorced from my husband after 40 years. He passed away three years ago. He was a...

Banking on Wells Fargo’s Stock

By PAUL PRICE Feb 14, 2019 | 07:00 AM EST Stocks quotes in this article: WFC, BRK.A, BRK.B Few major banks have committed so many egregious acts on their own customers as has Wells Fargo (WFC) .  In the current age of outrage, it's surprising that WFC has been allowed to keep operating without any...

SEC to Review a Second Bitcoin ETF in Sign of Growing Acceptance

The U.S. Securities and Exchange Commission has a little more work than they did a week ago as they consider finally approving a Bitcoin ETF, a move that would enable cryptocurrency to become a more mainstream investment.  Now they have two ETFs to consider instead of one. In a notice on the U.S. Federal Registry, the...

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.