Monaco Coach lays off 600 in Indiana and Oregon

Tools

Monaco Coach Corp. is laying off about 12 percent of its workforce. (WSBT file photo)

By Beth Boehne

Story Created: Apr 25, 2008 at 2:48 PM EST

Story Updated: Apr 25, 2008 at 2:50 PM EST

COBURG, Ore. (AP) — Monaco Coach Corp. is cutting 600 jobs in Oregon and Indiana.

The recreational vehicle company says the layoffs represent about 12 percent of its workforce. The cuts are roughly equal in both states. The company says the layoffs are among administrative and production employees.

Monaco announced the decision Friday. The cuts are effective immediately.

Monaco spokesman Craig Wanichek says it was a difficult decision but declining consumer confidence and rising oil prices have hurt business.

The Coburg-based company has gained market share in sales but says the overall demand for RVs is shrinking.

More Good Stuff

WSBT Weather

Current Temp 35.3

More Weather

WSBT Weather

More Weather

On Demand

iPhone
Get the WSBT News and Irish Sports Report apps for your iPhone! Read more »
On DVD
Order a DVD of a WSBT news story! Read more »
Twitter
Follow us on Twitter! Read more »
Facebook
Connect with us on Facebook! Read more »
WSBT E-News
Daily StormTracker e-mails right to your Inbox! Read more »
Video On Demand
Miss a story on WSBT News? Watch it here! Read more »
CBS Shows
Watch CBS shows and news online, free! Read more »
WSBT Alert
Breaking News & Weather right to your cell phone! Read more »
Mobile
WSBT News on the go for your cell phone or PDA. Read more »
RSS Feeds
Get news and updates as soon as they're published. Read more »

Stock Quotes

YouNews

This content requires the latest Adobe Flash Player and a browser with JavaScript enabled. Click here for a free download of the latest Adobe Flash Player.