Editor’s Note: The following is a response from Forest River Inc. concerning media reports yesterday claiming that parent Berkshire Hathaway Inc. would be initiating cutbacks.
Recent stories appearing in several news sources have suggested that Forest River Inc.’s parent company Berkshire Hathaway has directed layoffs and plant closings at the Elkhart, Ind.-based subsidiary.
While adjustments have been made in employment levels and production schedules due to the current economic situation, Forest River has actually increased total employment and facilities since year-end 2008.
This has been accomplished through acquisition and new product introduction. While the current reduced levels of some operations is expected to continue for the near future, there are absolutely no plans, or directions, for closing facilities or consolidation of operations.
Forest River continues to analyze opportunities for growth and is optimistic that the current situation within the recreational vehicle industry will prove to reset the industry and provide beneficial results for our customers, employees and stakeholders.