Coachbuilder Contractions?

LCT Magazine
Posted on July 16, 2008
ECB LAYOFFS: Executive Coach Builders of Springfield, Mo., recently laid off 33 employees, although 25 may return to work soon, according to a report in the Springfield News-Leader newspaper. The coachbuilder employs 200 workers. The layoffs also were mentioned on a country music station website in Springfield. ECB, to be profiled in LCT's August issue, is the second-largest coachbuilder worldwide and has reported strong sales the first half of this year. But the latest economic negatives -- Fannie & Freddie wobbles, higher inflation, gas prices, and stock market declines -- are taking their toll on business across the transportation industry. One veteran industry operator says the downturn is the worst in three decades. All the more reason to get aggressive, creative, and adaptive.

Related Topics: breaking news, industry events

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