Friday, January 02, 2009

Country Coach May Close in February

JUNCTION CITY — The head of Country Coach has notified employees that the RV factory will shut down for good in two months if it can’t obtain new financing.

“Looking forward, due to recent and unexpected circumstances beyond the control of Country Coach, it now appears that Country Coach will be forced to permanently shut down unless it obtains additional financing on or before Feb. 28, 2009,” CEO Jay Howard said in a letter to employees, dated Dec. 30 and obtained Wednesday by The Register-Guard.

Even if the company is able to obtain a loan, the company expects “mass layoffs” starting around March 1, Howard said.
Full Story...
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