Home manufacturer closes 71 facilities
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Manufacturing News, Source : TheManufacturer.com
Published : 08 Aug 2002 21:08
Prefabricated house manufacturer Champion Enterprises, Inc. announced that it will lay off 1,500 employees, nearly 15% of its workforce, and close the doors to 71 facilities due to a decline in demand. Champion will also close 64 retail centers and seven homebuilding plants.
As one of the nation’s largest home manufacturers, the company expects to lose between $251 and $261 million for the third quarter of 2002. By the end of the third quarter, Champion will have closed 196 retail outlets and 29 manufacturing plants since June 2000.
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