LAKE FOREST, Ill. (AP) — Brunswick Corp. will lay off 170 employees as it closes an aluminum fishing boat factory in Mississippi, the recreational products manufacturer said Thursday.
Brunswick will transfer production of the Triton line boats and add an unspecified number of jobs to its Little Falls, Minn., facility. Its Aberdeen, Miss., plant will close early next year.
Costs for the closure and production transfer will be about $5 million and will be reflected in fourth-quarter results, Brunswick said.
Brunswick manufactures boats, marine engines, fitness equipment and bowling and billiards products. The company's stock fell 57 cents, or 2.6 percent, to $20.60 in afternoon trading.