Monaco Coach Corporation Has Provided Termination Notices to the Majority of Its Remaining Workforce
March 02 2009 - 12:00PM
Marketwired
Monaco Coach Corporation (NYSE: MNC) announced that today it has
provided termination notices to the majority of its remaining
workforce while it continues to seek additional financing or
capital or a corporate transaction. Most of the separated employees
had already been on furlough since mid-December 2008. In its notice
to employees, the Company noted that absent consummation of a sale
or obtaining additional financing or capital, it may ultimately be
forced to shut down operations.
About Monaco Coach Corporation
Monaco Coach Corporation, a leading national manufacturer of
motorized and towable recreational vehicles, is ranked as the
number one producer of diesel-powered motorhomes. Dedicated to
quality and service, Monaco Coach is a leader in innovative RVs
designed to meet the needs of a broad range of customers with
varied interests and offers products that appeal to RVers across
generations.
Headquartered in Coburg, Oregon, with manufacturing facilities
in Oregon and Indiana, the Company offers a variety of RVs, from
entry-level priced towables to custom-made luxury models under the
Monaco, Holiday Rambler, Safari, Beaver, McKenzie, and R-Vision
brand names. The Company maintains RV service centers in
Harrisburg, Oregon and Wildwood, Florida and operates
motorhome-only resorts in California, Florida, Nevada and
Michigan.
Monaco Coach Corporation trades on the New York Stock Exchange
under the symbol "MNC." For additional information about Monaco
Coach Corporation, please visit www.monaco-online.com or
www.trail-lite.com.
CONTACT: Craig Wanichek Director of Investor Relations Monaco
Coach Corporation (541) 681-8029 Email Contact
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