RV supplier Odyssey Group announces cuts

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RV supplier Odyssey Group, based in Bristol, has announced it will have to close some plants and cut some jobs. (WSBT photo)

By Beth Boehne

Story Created: Dec 2, 2008 at 5:29 PM EST

Story Updated: Dec 2, 2008 at 6:08 PM EST

BRISTOL — Another firm with ties to the RV industry will have to cut jobs.

Bristol-based 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.

"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.

"We have hopes for a speedy recovery to our markets as well as the loosening of credit restrictions by the country’s financial institutions."

The company is one of the largest suppliers to the RV and housing markets.

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