Monday, June 30, 2008
NEWMAR LAYING OFF EMPLOYEES AGAIN
RV Business
Monday, June 30, 2008
Nappanee, Ind.-based Class A motorhome and fifth-wheel builder Newmar Corp. has instituted its second round of layoffs this year in response to a depressed retail market.
“We’re laying off some people trying to right size our work force according to the available business,” Dick Parks, CEO and chairman of the family-owned firm, told RVBusiness. “Right now we’re in the process of making plans for the future based on what the market dictates.”
In February, Newmar laid off around 13% of its 905 workers. Parks did not specify a number but confirmed that the latest cut would impact around 40% of the company’s current employees.
The news correlates with the May shipment report from the Recreation Vehicle Industry Association (RVIA).
It showed a 58.6% drop in May Class A deliveries from a year go while the sector was down 39.5% for the first five months. Fifth-wheel shipments fell 15.5% for the month and declined 10% year-to-date.
Monday, June 30, 2008
Nappanee, Ind.-based Class A motorhome and fifth-wheel builder Newmar Corp. has instituted its second round of layoffs this year in response to a depressed retail market.
“We’re laying off some people trying to right size our work force according to the available business,” Dick Parks, CEO and chairman of the family-owned firm, told RVBusiness. “Right now we’re in the process of making plans for the future based on what the market dictates.”
In February, Newmar laid off around 13% of its 905 workers. Parks did not specify a number but confirmed that the latest cut would impact around 40% of the company’s current employees.
The news correlates with the May shipment report from the Recreation Vehicle Industry Association (RVIA).
It showed a 58.6% drop in May Class A deliveries from a year go while the sector was down 39.5% for the first five months. Fifth-wheel shipments fell 15.5% for the month and declined 10% year-to-date.
