USA: Dan River Axes Two Plants, 630 Jobs
Leading fabric maker Dan River Inc on Wednesday announced plans to axe two of its production plants with the loss of around 630 jobs which will result in a second quarter pre-tax charge of about $12 million. The Virginia-based company said in a news release it will close the two plants in South Carolina and Georgia in the third quarter and shift their operations to its other factories in neighbouring North Carolina when demand picks up.
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