Stanley Furniture to cut 100 jobs in Virginia plant
Feb 26, 2009. Stanley Furniture Co. announced plans to lay off 100 production employees at its factory in Stanleytown, in Virginia. The layoffs take effect March 27.
Feb 26, 2009. /Lesprom Network/. 100 production workers at Stanley Furniture Co.'s factory in Virginia will be laid off March 27, the company said. It cited the national recession and its effect on sales.
In January, the company reported that 2008 sales were about 20% below the previous year's, falling from $283 million to $226.5 million. The layoffs will reduce Stanley Furniture's work force in Henry County to about 1,000.