On May 30, 2008, the Board of Directors of Winnebago Industries, Inc. (the “Company”) approved a strategic manufacturing consolidation decision to idle the Company’s manufacturing facility in Charles City, Iowa, which currently assembles the Company’s Class C motor homes. The Company notified affected employees of this decision on June 2, 2008. A press release was issued by the Company on June 2, 2008, which is attached hereto as Exhibit 99.1 and incorporated herein by reference.

The capacity reductions are expected to better position the Company to more closely match its manufacturing capabilities with current market demand. The relocation of the Charles City manufacturing capacity to the Company’s Forest City facility is expected to be completed by the end of the Company’s fourth quarter, ending August 30, 2008. The Company is evaluating if an impairment charge is required in the fourth fiscal quarter as a result of the idling of the facility, which currently has a net book value of approximately $9 million. Other associated costs with the idling of the plant to be recognized in the fourth quarter are estimated at $1 – $2 million. Additional details relating to estimated costs expected to be incurred as a result of the closure will be filed in an amended Current Report on Form 8-K within four business days after the Company makes a determination of such an estimate or range of estimates.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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Contact: Sheila Davis – PR/IR Mgr. - 641-585-6803 – sdavis@winnebagoind.com

WINNEBAGO INDUSTRIES IDLES CHARLES CITY MANUFACTURING FACILITY

– THIRD QUARTER FISCAL 2008 FINANCIAL RESULTS CONFERENCE CALL TO BE HELD ON JUNE 20, 2008 –

FOREST CITY, IOWA, June 2, 2008 – Winnebago Industries, Inc. (NYSE:WGO) today announced a strategic manufacturing consolidation decision that will idle production at the Company’s Charles City Manufacturing Facility (CCMF), effective August 1, 2008. CCMF currently assembles Class C products which will be relocated to the Company’s Forest City facilities throughout the Company’s fourth quarter, ending August 30, 2008. The relocation will not affect the Company’s customers or product offerings.

An estimated 270 salaried and hourly employees at CCMF will be impacted by the idled facility. The Company has affirmed that it will maintain a significant presence in the Charles City area, with approximately 190 employees remaining in the Company’s Hardwoods Facility and Charles City Assembly Facility, which produces the Company’s new Class B motor homes.

Completed in the spring of 2004, CCMF went into production during a year of record breaking sales for the Company and the motor home market, when increased capacity was needed to meet the greater demand resulting from a robust economy with low interest rates, high consumer confidence and a favorable environment for discretionary spending.

Market conditions have dramatically changed since 2004. Total Class A and Class C motor home industry wholesale shipments are estimated by the Recreation Vehicle Industry Association to be 40,400 for calendar 2008. That represents a 42 percent decline in shipments when compared to the 69,300 motor homes delivered in calendar 2004. A declining United States economy, significantly increasing fuel prices, decreasing consumer confidence and a difficult lending environment have contributed to a decrease in overall motor home demand, with double digit retail sales declines for seven of the last eight consecutive months for the industry.

The current conditions have necessitated capacity reductions for the Company to more closely match market demand. The Company believes these actions will better position it for a business environment that it expects will continue to be challenging.

“In order for us to keep production in line with market demand, our employees in all locations - Forest City, Charles City and Hampton - have been significantly impacted throughout the last several months,” said Winnebago Industries Chairman, CEO and President Bob Olson. “For example, in our third quarter ended May 31, 2008, production was reduced during 12 of the 13 weeks through either four-day work weeks or shutting down entire production lines for a week at a time, resulting in an extremely low capacity utilization rate of less than 35 percent for the quarter. Our CCMF employees worked very hard to get the plant up and running smoothly since construction began in 2003 and they have done an extraordinary job for us since that time. Today I had to tell our 270 CCMF employees they will no longer have a job because they are a casualty of the economy. As a 38-year employee who has been through several industry downturns in the past, I know how devastating this can be for employees. So the decision to idle CCMF has been particularly painful. Unfortunately, it is necessary so that we more closely align our capacity with market demand. Winnebago Industries is certainly not alone with these market challenges. Regrettably, many manufacturers in the automotive/truck, motorcycle, marine, recreation vehicle and manufactured housing industries have been forced to idle plants or permanently close them in response to these significant challenges.”