Navistar International Corp. on Tuesday announced a reorganization that will add about 400 jobs to its Monaco RV factory in Wakarusa.
The Elkhart County plant will become the company’s sole RV manufacturing plant. Motor coach production is being moved from a plant in Coburg, Ore., where 450 jobs are being cut. The Oregon operation will still make some towable campers, service RVs and perform some finance and information services functions for the company.
Navistar’s Workhorse Custom Chassis subsidiary also plans to close its Union City chassis plant in east central Indiana, cutting about 225 jobs. The work will be consolidated to other existing Navistar plants “for greater efficiency and productivity,” the company said in a news release.
Lincoln National earnings up 27%
Lincoln National Corp. on Tuesday reported second-quarter earnings of $325 million, or $1.01 per diluted common share, a 27 percent increase from the $255 million, or 33 cents per share, posted for the same three months of 2010.
Annuity account deposits increased by 4 percent to $2.9 billion as of June 30. Life insurance sales increased 12 percent to $157 million. Total account balances increased 17 percent to $164 billion.
Lincoln, like other financial services companies, manages investment and annuity accounts invested in the stock market. The company, which charges a percentage fee for its services, collects more money when the balances in clients’ accounts rise, which ties Lincoln’s performance closely to the markets’.
The Radnor, Pa.-based company was founded in Fort Wayne in 1905. As of March, the company employed about 1,900 here, a spokeswoman said.
Jobless benefits get Goshen workers fired
A recreational vehicle factory in northern Indiana has fired more than 20 people for collecting unemployment benefits while also collecting paychecks for their jobs.
Keystone RV fired the workers from the Goshen factory Monday after reviewing monthly reports from the state Department of Workforce Development for a year, said Timothy Edwards, the factory’s human resources manager.
Edwards said most of those involved were production workers, and the company’s review took so long because managers wanted to make sure they had the most up-to-date information.
“This is something new that we’ve been faced with,” Edwards told The Elkhart Truth.
