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Revenue will also decline from 2008 because of weaker sales.
Another 5 to 10percentt could close soon because of weaker export orders.
investigation suggests that the problem of wage theft is only getting worse because of weaker enforcement".
Sales of all products may lag because of "weaker than expected" economic conditions.
Most of that is because of weaker advertising, Mr. Nathanson said.
The Canton, Ohio, company has been struggling for the last year because of weaker demand for its products worldwide.
Meanwhile, orders for transportation equipment in October plummeted 16.1percentt, mostly because of weaker demand for airplanes and aircraft parts.
The revision was because of "weaker demand, contract renegotiation, reduced cash flow, geopolitical turmoil and increased resource nationalism," it said.
General Motors and other large automakers in the United States have been reducing production because of weaker demand.
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The company filed for bankruptcy in October because of weaker-than-expected demand for hybrid vehicles and technical problems.
It said it should meet its earnings targets, but warned that revenue could fall because of weaker-than-expected conditions across its product lines.
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CEO of Professional Science Editing for Scientists @ prosciediting.com