Fleetwood RV Files for Chapter 11
By Michelle Krebs March 11, 2009
Fleetwood Enterprises, the California maker of recreational vehicles and pre-fabricated homes, filed for Chapter 11 bankruptcy protection Tuesday.
The company, hit by the steep drop in RV sales that started with last year's sharp spike in gasoline prices and worsened with the credit crunch and deteriorating economy, said it was putting its motor-home and manufactured housing units up for sale but was closing its travel trailer division, eliminating 675 jobs.
The company plans to continue operating as it seeks funding for its restructuring.
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