Monaco Coach Corporation, one of the nation’s leading manufacturers of recreational vehicles, is planning to eliminate as many as 225 manufacturing jobs from its Lane County factory in Indiana. But according to the company, it considers this a temporary layoff because it also plans on re-hiring in six to eight weeks when production picks back up.

 

Last month, the company shut down three plants in Indiana and eliminated 1,400 jobs. Prior to that, in April, it also let go of 600 jobs. The company pinpoints rising gas and oil prices as the reason behind the cuts. However, it also has hope and believes that consumers will eventually return to the RV lifestyle. On Wednesday, Monaco announced that in its second quarter earnings, it lost a whopping $9.7 million, with Monaco’s stock falling 17 cents that day to $2.50 per share. The restructuring assignment will save them more than $12 million per quarter.

 

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