Monaco’s Downsizing at Ore. Facility Continues
Navistar International Corp. continues with plans to cease production of motorized RVs at its Monaco RV manufacturing facility in Coburg, Ore,, resulting in a loss of 255 jobs.
The Portland Business Journal reported that a notice filed with the Department of Community Colleges and Workforce Development indicated 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 motorcoach 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.