Textile giant Unifi Inc on Monday said it will axe 115 jobs at its Yadkinville plant due to soft consumer demand.

The North Carolina-based company said 70 of those positions will be lost this month with a further 45 in October and November as it looks consolidate certain manufacturing operations.

It will also cut 107 jobs in Rockingham County over the next three months while 18 employees will be made redundant in Virginia, the Winston-Salem Journal reported.

"Consumer spending for apparel, home furnishings and automobiles has remained soft much longer than anticipated, and this has had a negative impact on the level of demand for our products," the firm's vice president of human resources, Willie Wooldridge, told the paper.

"Balancing the resources of our operations to reflect the demands of the supply chain is an on-going process. We will continue to evaluate very carefully to ensure the long-term health of the company."

He stressed no plants will be axed as part of the restructuring program.