TITLE

Hooker reduces staff by 25

PUB. DATE
September 2008
SOURCE
Furniture/Today;9/1/2008, Vol. 33 Issue 1, p8
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the dismissal of 25 employees by Hooker Furniture Corp. in its wood furniture division in Martinsville, Virginia due to prolonged industry sales slump. It states that the laid-off workers represent about 9.1% of the division's 263-person workforce. The move is intended to mirror the amount of business that the company is doing, in order to remain efficient, profitable, and competitive. The affected employees are offered severance packages based on their years of service.
ACCESSION #
34255841

 

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