Reply #56: Jones New York cutting 323 jobs

[UpInArms]

http://www.phillyburbs.com/pb-dyn/news/111-03092006-623758.html

Jones New York will permanently lay off 323 employees from its Bristol Township plant beginning May 2, according to the Pennsylvania Department of Labor and Industry.

The layoffs will affect patternmakers, art directors, computer designers, quality control supervisors and research assistants, among other workers, according to the Worker Adjustment and Retraining Notification Act notice the state forwarded to the newspaper.

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The company’s Web site indicated that fourth quarter and year-end financial results for 2005 had been scheduled for release Feb. 15. Those results weren’t available on the site or from the company Wednesday.

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The company also took financial hits in the second quarter of 2005, according to the second-quarter earnings report. Among them: The company had to absorb a $4.6 million loss due to manufacturing problems at its denim plant in Mexico and a $3.2 million loss related to an arbitration award to a former employee. Both were unexpected expenses, the report said.

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