Greg Gerber posted on December 02, 2008 22:50
BRISTOL, Ind. -- Odyssey Group is blaming the credit crunch and the bad economy.
Because of that, they'll also have to close some plants, though they haven't said how many or where. They also haven't said how many workers would be affected by the cuts.
In a statement to WSBT News, CEO Lindsey R. Stults said, "During the last couple of months, Odyssey Group, along with the rest of our markets, has seen extremely difficult and volatile times. We have made tough decisions to size our company to the markets we serve. Unfortunately this has involved the downsizing of physical locations and people. These great people are the reason Odyssey Group became one of the largest suppliers to the RV and housing markets.
"We are currently operating within the financial constraints of our bank and the capital gridlock that the entire country is feeling as well. We are working with our customers and vendors to help them in any way we can and we value the relationships we have built with them," Stults added. "The most valuable asset we have, and have had, is our employees. This is difficult for all of us and affects many more than just the wonderful people who helped us grow every year."
SOURCE: WSBT-TV