USA: Troubled Burlington Axes 4,000 Jobs
Troubled textile giant Burlington Industries Inc on Friday said it plans to axe up to 4,000 workers in the US and Mexico as it bids to streamline its apparel and fabrics business while under Chapter 11 bankruptcy protection. The North Carolina-based firm says it plans to slash manufacturing capacity by closing down or selling off five factories within the next six months as part of a major reorganisation.
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