Winnebago Cuts CEO Salary, Suspends Raises for Salaried Employees
In the latest in a long list of "as the COVID-19 situation continues to evolve" press releases from American industrial companies, Winnebago Industries (NYSE: WGO) announced this morning that it is "taking additional steps to maintain the Company's financial flexibility."
Winnebago has already announced a temporary halt to production of its RVs. Now, to help reduce costs at a time when revenues aren't coming in, the company is announcing that it will:
Image source: Winnebago.
Source Fool.com
