Fleetwood to close Pennsylvania motor home plant
(Adds NEW YORK to dateline; updates from brief)
NEW YORK, Oct 10 (Reuters) - Motor home manufacturer Fleetwood Enterprises Inc FLE.N said on Friday that it would close a Pennsylvania plant in early December, citing a four-year industry slump.
The company will transfer its Paxinos, Pennsylvania, plant's operations to its factory complex in Decatur, Indiana, Fleetwood said in a statement.
The Paxinos plant employs about 325 people.
Fleetwood sees consolidation costs of about $2.2 million in its second quarter, which began on July 28, and $2 million in the third quarter. It is evaluating impairment charges on the plant.
Starting in the fourth quarter, the company forecasts savings of about $1.5 million per quarter. It said cash generated by the end of the third quarter would more than offset the costs of the consolidation. (Reporting by Helen Chernikoff; Editing by Lisa Von Ahn)
