Posted on 09/10/2001 4:51:40 PM PDT by Willie Green
For education and discussion only. Not for commercial use.
COBLESKILL, N.Y. -- The Guilford Mills textile plant will close Nov. 8, the company announced Monday.
The approximately 500 employees of the garment maker will lose their jobs with Guilford, company spokesman Rich Novak said. They will receive 90 days of additional medical and life insurance, he said.
During the next 60 days, Greensboro, N.C.-based Guilford Mills Inc. will entertain offers for the factory while it fills existing orders and prepares to shut down, Novak said. Cobleskill is 35 miles west of Albany.
In a letter to employees, company president John Emrich and chairman Chuck Hayes said the U.S. textile industry continues to be hurt by Asian apparel imports, while domestic retail sales have weakened.
"Last year (2000) our apparel operations lost $39.8 million. In the last nine months apparel lost $32.8 million," they wrote.
The Cobleskill mill makes swimwear and lingerie, two lines Guilford will discontinue, Novak said. It also makes fabrics for the home, and that work will move to the Guilford Home Fashions factory that now employs about 450 people in Herkimer, 35 miles northwest.
The company also employs some 75 people at a third plant in upstate New York, in Schenectady, 30 miles away, that will continue to print designs on clothing, Novak said. (PROFILE (CO:Guilford Mills; TS:GFD; IG:TEX;) )
``I want the American people to know we're deeply concerned about the unemployment rates and we intend to do something about it.'' George W. Bush
I just don't get your posts. Can you not see the problem we have?
They have no problem with Americans paying hundred of millions more for clothing, giving African countries $800 million a year in foreign aid as long as doese dere mills in South Carolina nobody in their right mind wants to work in keep putting out overpriced crap.
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