The economic recession has caused great pain to those companies that used to work hard. Recently, Fleetwood Enterprises of the United States was in a terrible mess as its holiday activity houses and modular homes were simply not selling. In 2006, Fleetwood's sales were $2.4 billion, but now they have plummeted by 32%, and the company has accumulated losses amounting to as high as $119 million.
Since the summer of 2008, Fleetwood Enterprises has already reduced its production, but with little effect. Thus, it is now striving to drastically cut costs.
Before applying for bankruptcy protection in February 2009, Fleetwood Enterprises had planned to close nine of its 27 factories located in the United States and Mexico, and lay off 760 of its 5700 employees. The company hopes that this will...