A recreational vehicle company plans to expand and add employees to its workforce in northern Indiana.

Crossroads RV announced Wednesday it will spend $3.9 million to buy land and build a new 93,000-square-foot-building next to the company’s existing factories in the LaGrange County town of Topeka.

Crossroads said the expansion could lead to it hiring an additional 250 workers by 2014. The company now has about 600 workers building fifth-wheel and towable RVs at factories in Topeka and Syracuse.

Company President Don Emahiser said the new factory will give it the flexibility needed to expand production. The company expects the new factory to be operational in June.

The Indiana Economic Development Corp. is offering up to $2.25 million in conditional tax credits and up to $200,000 in training grants based on the company’s job creation plans. These tax credits, according to a news release, are performance-based, which means they can not be claimed until employees are hired.

The town of Topeka will consider additional tax abatement at the request of the LaGrange County Economic Development Corp., the statement said.

Cooper Tire talks on hold until January

A lockout at a northwest Ohio tire plant will continue into the new year.

Union negotiators said hope to meet again next week with representatives from Cooper Tire & Rubber Co. A federal mediator is likely to sit in. The Blade of Toledo reported the last talks took place Dec. 13.

Cooper Tire locked out more than 1,000 union members late last month at a plant in the company’s hometown of Findlay. That was after workers rejected a tentative three-year contract.

The National Labor Relations Board is investigating complaints from each side accusing the other of bad-faith bargaining.

The state has approved unemployment benefits for the locked-out workers.

Citigroup selling Belgian retail assets

Citigroup Inc. is selling its Belgian consumer business to French bank Credit Mutuel Nord Europe as the New York bank continues to sell off operations that it deems are outside its core business. The company didn’t disclose the deal’s terms.

Citigroup and other banks hurt by 2008’s financial meltdown and the economic downturn have been selling off “non-core” divisions.

Citigroup said it has reduced the assets within Citi Holdings by more than $582 billion since the peak in 2008’s first quarter. The company also is trimming its workforce and recently announced it will cut 4,500 jobs – or about 1.5 percent of its global workforce of 267,000 – over the next few quarters.

Morgan Stanley to cut 580 jobs in New York

Of the 1,600 job cuts announced this month by Morgan Stanley, 580 will be at its home base in New York.

The relentless tug of the dismal economy is hitting employees in the banking sector hard, and it’s no surprise that many of the job cuts are hitting the epicenter of the financial industry.

The investment bank said that the layoffs – which began two weeks ago and will represent 2.6 percent of its work force – will hit all levels of the company. Morgan Stanley had more than 62,000 employees at September’s end.