TITLE

Shermag to close 4 of 8 domestic plants

PUB. DATE
December 2007
SOURCE
Furniture/Today;12/17/2007, Vol. 32 Issue 15, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the plan of Shermag Inc. to close four of its domestic plants in Sherbrooke, Quebec. The case goods and upholstery producer and importer decided to close four of its eight domestic plants because of business pressures. The closures will affect 320 employees that the company will reduce its total work force to 750. Furthermore, the closing was made after the analysis of the board of directors committee that measures the profitability and viability of the company.
ACCESSION #
29343400

 

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