Briggs temp shutdown to reduce inventory
Briggs & Stratton Corp. cited ongoing drought conditions as it announced that the company will temporarily shutter a McDonough, Ga., facility that makes lawn and garden equipment.
Production will be suspended from Oct. 29 through Nov. 25. About 340 hourly employees and 200 temporary employees will be laid off during the shutdown.
The company said Monday it wants to reduce its equipment supply amid lagging demand.
Drought conditions have affected large portions of the United States since May.
The company said it will not discontinue parts shipments to customers during the period.
The Wisconsin firm said the temporary action should have no significant impact on its income forecast for fiscal 2013. The company initially projected net income of $60 million to $75 million. That's $1.25 to $1.55 per diluted share.
Copyright The Associated Press
My wife said "you're on lawn toy restriction"
Heard that story this morning while listening to Bortz online. Not sure if that plant makes snow equipment, but if it does this past winter isnt helping either.
99 Silverado 4x4
2007 Silverado 2500HD 4x4
2005 Cargo King 7'x16' enclosed
7 1/2 ft Western Plow
Toro 7/24 snowblower
2 Toro CCR 2450 snowblowers
48" Allis Chalmers
48" Ferris WB
36" Exmark Viking
21" Poulan Pro
2- Echo PB755H
Echo & Ryobi trimmers
Echo PAS 265 & attachments
Stihl & Poulan chain saws
Stihl BP blower
Stihl FS-56RC-E Trimmer
Billy Goat 16hp HTR Loader
Pesticide License BU0426
A Positive Outlook