SOURCE: Monaco Coach Corp.

Monaco Coach Corp.

March 02, 2009 12:00 ET

Monaco Coach Corporation Has Provided Termination Notices to the Majority of Its Remaining Workforce

COBURG, OR--(Marketwire - March 2, 2009) - 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 Information

  • CONTACT:
    Craig Wanichek
    Director of Investor Relations
    Monaco Coach Corporation
    (541) 681-8029
    Email Contact