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.
Friday, May 24 2013 4:02 AM EDT2013-05-24 08:02:00 GMT
A North Carolina dairy company is voluntarily recalling some ice cream that doesn't identify possible allergens because the product is packed in the wrong containers.
A North Carolina dairy company is voluntarily recalling some ice cream that doesn't identify possible allergens because the product is packed in the wrong containers.
Thursday, May 23 2013 7:31 AM EDT2013-05-23 11:31:33 GMT
You've probably been to a yard sale or two in your life, and you might have found some great deals. But would you know how to get the most out of your own yard sale?
You've probably been to a yard sale or two in your life, and you might have found some great deals. But would you know how to get the most out of your own yard sale? Good Day's Tacoma Perry talked to an expert who shared some great tips for how to make your yard sale a huge hit.
Wednesday, May 22 2013 12:39 PM EDT2013-05-22 16:39:03 GMT
Gov. Nathan Deal says a company based in Dubai plans to build a manufacturing plant in Murray County with the goal of creating 200 jobs over the next three years.
Gov. Nathan Deal says a company based in Dubai plans to build a manufacturing plant in Murray County with the goal of creating 200 jobs over the next three years.
Yahoo is buying online blogging forum Tumblr for $1.1 billion as CEO Marissa Mayer tries to rejuvenate an Internet icon that had fallen behind the times.
After falling woefully out of fashion, Yahoo wants to be cool again while catering to the capitalistic demands of its shareholders. That goal led CEO Marissa Mayer to make a $1.1 billion bet on online blogging forum Tumblr...
