Thomasville Furniture plants to close
April 28th, 2007 Category FurnitureFurniture Brands International Inc. said today it will close three manufacturing plants in North Carolina, including one in Thomasville.
Thomasville Furniture will consolidate its Plant C case goods operation, located in Thomasville, into its Lenoir case goods plant. Plant C is a 325,000-square-foot facility and employs about 100 people. The plant will cease manufacturing in July.
Thomasville Furniture will also consolidate its Plant 3 and Plant 4 upholstery operations, both located in Troutman, into its Plant 9 upholstery operation in Hickory. Upholstery Plant 3 employs about 165 people; Plant 4 about 35 people. Plant 3 will cease manufacturing in July; Plant 4 in August.
About half of the positions in the facilities to be closed will transfer to other Thomasville manufacturing plants.
Furniture Brands also announced it would eliminate about 100 other positions across the company associated with other manufacturing operations. It also will cut about 80 executive and administrative employees across the company.
The company estimates these changes will generate annualized savings of about $13 million.
“We are obligated to bring our costs in line with revenues to drive better earnings performance at Furniture Brands,” Chairman and Chief Executive Officer W.G. Holliman stated in a news release.
Information from: www.news-record.com
