Advertisement

Champion Enterprises Will Cut 1,500 Jobs

Reuters

Manufactured-home maker Champion Enterprises Inc. said it will cut 1,500 jobs, or 15% of its work force, as it closes plants and sales centers to cope with slumping demand.

Shares of the Auburn Hills, Mich.-based company fell more than 6% after it announced the moves, closing down 18 cents to $2.87 on the NYSE.

Advertisement