Fruit Of The Loom Moving Some Operations From Ky. To Honduras [View all]
Source: Associated Press
Fruit Of The Loom Moving Some Operations From Ky. To Honduras
Fri, 04/04/2014 - 3:42pm
by Adam Beam, Associated Press
FRANKFORT, Ky. (AP) -- More than 600 workers will lose their jobs under Fruit of the Loom's plans to close its plant in Jamestown, Ky.
The company said it was moving the plant's textile operations to Honduras to save money. The company plans to close the plant in phases from June 8 through Dec. 31.
"It is very unexpected for me and, from what I'm hearing, for everyone in the community," said Sen. Sara Beth Gregory, whose district includes Jamestown. "I think everyone is reeling from the news."
In a news release, the company said its decision was "to align its global supply chain to allow the company to leverage existing investments and meet customer requirements more timely and cost effectively."
"This decision is in no way a reflection on the dedication and efforts of the employees in our Jamestown facility, but is a result of a competitive global business environment," Tony Pelaski, the company's executive vice president and chief operating officer, said in a news release.
Read more: http://www.manufacturing.net/news/2014/04/fruit-of-the-loom-moving-some-operations-from-ky-to-honduras
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Chief Operating Officer Tony Pekaski[/center]
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