Hanesbrands announces hundreds of job cuts
Published: Wed, Nov. 19, 2008 12:30AM
Modified Wed, Nov. 19, 2008 05:56AM
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closeWINSTON-SALEM -- Hanesbrands is cutting 155 jobs in Winston-Salem as it eliminates 210 corporate and management jobs companywide.
It also is closing a yarn plant in China Grove, eliminating 185 jobs by year's end. The company announced the cuts Tuesday.
"Given the significant economic uncertainty, we must manage our business conservatively, and we must tightly control costs," Richard Noll, Hanesbrands CEO, said in a statement.
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Since spinning off from Sara Lee in September 2006, Hanesbrands has cut 46 percent of its North Carolina work force, or 3,920 jobs. That includes at least 1,645 jobs in Forsyth County. Once this round of job cuts is completed, the company will have 4,585 employees in North Carolina, including 3,255 in Forsyth.
And, for a company that once kept thousands locally employed in plants that dotted the state, Hanesbrands has just one major Triad manufacturing site left -- a sock plant in Mount Airy that employs 400.
In the past two years, it has closed, or has made plans to close, at least 30 plants worldwide, including at least 11 in North Carolina.
The company said that the closing of the China Grove plant is the "result of declining needs for higher-end ring-spun yarn used in certain underwear, sock and T-shirt products."
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