by IndigoMoon » Wed 23 Jul 2008, 18:19:02
500 EMPLOYEES IDLED Furniture firm stops work at Norwalk plant
Tuesday, July 22, 2008
$this->bbcode_second_pass_quote('', 'N')ORWALK, Ohio - Norwalk Furniture Corp., the city's largest manufacturer and its second-biggest employer, suspended operations at its local facility yesterday, idling more than 500 workers.
In a weekend statement, the privately held company blamed the suspension of operations at its plant in Norwalk and another in Cookeville, Tenn., on a slowing economy and changes in the furniture industry. Norwalk Furniture's sales dropped $8 million from 2006 to 2007.
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