Monday, February 02, 2009
MONACO EXTENDING IT'S HOLIDAY CLOSING
RV Business
Monday, February 2, 2009
Monaco Coach Corp. officials have notified furloughed employees that the company’s Coburg, Ore., factory will remain idled for at least another two weeks.
The Register-Guard reported that the plant was shut down for a holiday furlough Dec. 15, with production originally scheduled to resume Jan. 12. In early January, the company extended the furlough for another three weeks to Feb 2.
But now the tentative return date is Feb. 16, company spokesman Craig Wanichek said Friday. That means the plant will have been idle for at least nine consecutive weeks.
Challenging market conditions forced the company to extend the layoff, he said.
Monaco, a publicly traded company, employs about 2,200 people in Oregon, mostly in Coburg and Harrisburg.
Like other RV manufacturers, Monaco has been struggling through a down market. With the U.S. economy in recession, the industry has been hurt by poor consumer confidence and tight credit.
Monday, February 2, 2009
Monaco Coach Corp. officials have notified furloughed employees that the company’s Coburg, Ore., factory will remain idled for at least another two weeks.
The Register-Guard reported that the plant was shut down for a holiday furlough Dec. 15, with production originally scheduled to resume Jan. 12. In early January, the company extended the furlough for another three weeks to Feb 2.
But now the tentative return date is Feb. 16, company spokesman Craig Wanichek said Friday. That means the plant will have been idle for at least nine consecutive weeks.
Challenging market conditions forced the company to extend the layoff, he said.
Monaco, a publicly traded company, employs about 2,200 people in Oregon, mostly in Coburg and Harrisburg.
Like other RV manufacturers, Monaco has been struggling through a down market. With the U.S. economy in recession, the industry has been hurt by poor consumer confidence and tight credit.
