Cargo Trailer Builder Pace Laying Off Workers
Pace American Enterprises Inc. is laying off more than 100 workers at its Middlebury, Ind., location.
Inside INdiana Business reported that in a letter to Indiana, the cargo trailer manufacturer says it has eliminated more than 250 positions among its five locations throughout the country.
Last year, the company sent a letter to the state indicating it may close in Middlebury. It also stated that it was selling all its assets, and that could prompt the closing of the Elkhart County operation.
A federal judge has granted three creditors’ request to pursue an involuntary Chapter 7 bankruptcy liquidation against Pace American. Court documents say the three are owed a total of $1.24 million.