Danville (Virginia) manufacturer lays off 375

[UpInArms]

http://www.miami.com/mld/miamiherald/business/national/9374030.htm?ERIGHTS=-4393051168211886633miami::[e-mail]&KRD_RM=3mrmmkknllmpoqjjjjjjjjjsnk|Don|N

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DANVILLE, Va. - Two months after laying off 312 workers, textile manufacturer Dan River Inc. announced Wednesday it will cut 375 more starting in October as it closes two plants.

Dan River Director of Human Resources Calvin Barnhardt blamed the layoffs on the continued pressure from foreign textile markets and efforts by clothing companies to reduce their inventories.

"As we look at what we think our sustainable sales will be going forward, we've determined we have excess manufacturing capacity that is not necessary to support those sales," Barnhardt said in an interview. "Our announcement today reflects our need to reduce our manufacturing capacity to be more in line with what we anticipate our sales will be."

<snip>

Dan River, which makes apparel fabrics and packaged bedroom linens, has struggled as imports flood the textile industry. In March, the company filed for Chapter 11 bankruptcy protection in federal court in the Northern District of Georgia, where it is incorporated.

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[kodi]

1. i used to work there in the early '90's. ugly town.

the word from old friends is as it ever was: top managers walked out with golden parachutes, mill workers got screwed.

the company is now buying most of its fabric from pakistan and china, so it no longer needs to make/dye/finish the fabrics here in the US.

top guy joe lanier used to run west pt-stevens, they went under right after he left to go to dan river, now a few years later he ran dan river into the ground.

[arwalden]

2. Kick

[DancingBear]

3. Danville is right on the VA/NC border

Prime Shrub country - if they start turning on him here - watch out.

[David Zephyr]

4. Kick! We've Turned the Corner!