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.

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Source Fool.com