A financial scandal is enveloping Erwin Hymer operations in Kitchener and Cambridge, Ontario, amid reports that senior executives have been suspended and dozens of employees laid off.
The Waterloo Region Record reported that the turmoil at Erwin Hymer Group North America has also led to its likely exclusion from the pending sale of German parent Erwin Hymer Group to U.S.-based Thor Industries.
On Monday (Jan. 21), Erwin Hymer Group announced that it has launched an investigation into the North American operations due to “irregularities in the company’s reporting.”
A news release from the firm stated that several managers from Erwin Hymer Group North America have been suspended pending the outcome of the investigation, which includes a detailed audit procedure involving external auditors.
“As an immediate measure Erwin Hymer Group deployed management to support the ongoing operations of (Erwin Hymer Group North America) and the external investigation,” the release states, adding that the local operation’s “focus on its products, business partners and customers remains unchanged.”
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