Oct 2008: Brunswick Corp., the Chicago-based manufacturer of boats, has announced plans to close four plants and lay off 1,400 workers. The announcement in October, followed an announcement in June of a layoff of 1,000 workers due to the faltering economy. \"We are living and working in the most turbulent economic times in recent history,\" said Brunswick chairman and chief executive officer Dustan E. McCoy. \"The poor economy and the accompanying weak consumer sentiment have pressured marine markets, eroding the demand for boats and engines these past few months at a swifter pace than originally anticipated.\" The company is permanently closing plants in Pipestone, Minn., Roseburg, Ore., and Arlington, Wash. It is monthballing a plant in Navassa, N.C. When all the plants are closed, the company will have reduced its manufacturing plant capacity by 40 percent over the past three years. The company has also put on furlough employees at three other facilities near Knoxville, Tenn., from Oct. 27 through the end of the year.
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