Tuesday, March 06, 2012
MONACO MOTOR HOMES IS NOW PART OF OREGON RV HISTORY
Portland Business Journal by Suzanne Stevens, Web editor
Date: Monday, March 5, 2012, 4:06pm PST
Navistar International Corp. plans to cease production of motorized RVs at its Monaco RV manufacturing facility in Coburg, resulting in a loss of 255 jobs.
According to a notice filed with the Department of Community Colleges & Workforce Development, Navistar will lay off the employees between March 16 and April 27.
It's the latest downsizing by Lisle, Ill.-based Navistar, which purchased Monaco out of bankruptcy in 2009 for $47 million. Roughly 450 jobs were lost in Coburg last year when Navistar consolidated all of Monaco's motor coach manufacturing at a plant in Wakarusa, Ind., and moved administrative positions to Navistar's Illinois corporate campus.
At one time, Monaco was one of Oregon's biggest employers. When it filed for bankruptcy in March 2009, it employed 2,225. In 2007 it had $1.27 billion in sales, making it Oregon's eighth-largest public company.
Date: Monday, March 5, 2012, 4:06pm PST
Navistar International Corp. plans to cease production of motorized RVs at its Monaco RV manufacturing facility in Coburg, resulting in a loss of 255 jobs.
According to a notice filed with the Department of Community Colleges & Workforce Development, Navistar will lay off the employees between March 16 and April 27.
It's the latest downsizing by Lisle, Ill.-based Navistar, which purchased Monaco out of bankruptcy in 2009 for $47 million. Roughly 450 jobs were lost in Coburg last year when Navistar consolidated all of Monaco's motor coach manufacturing at a plant in Wakarusa, Ind., and moved administrative positions to Navistar's Illinois corporate campus.
At one time, Monaco was one of Oregon's biggest employers. When it filed for bankruptcy in March 2009, it employed 2,225. In 2007 it had $1.27 billion in sales, making it Oregon's eighth-largest public company.
