ECRU, Miss. (AP) - Ashley Furniture Industries Inc., one of the
nation's largest furniture manufacturers and retailers, says it is
cutting about 200 jobs - 5 percent of its Mississippi work force -
at plants in Ecru and Ripley.
Brent Koslo, Ashley's vice president of upholstery operations,
made the announcement Friday. He said the layoffs were needed in
order to keep the company competitive.
He says 3,500 people are still working for Ashley, which is
based in Arcadia, Wis.
The housing industry slowdown has meant less demand for
furniture, at the same time that rising gas and food prices have
cut household budgets.
Furniture Today reported this month that Ashley Furniture's
sales rose from $594 in 2003 to $3.05 billion last year, more than
any other company in the country.
Information from: Northeast Mississippi Daily Journal,
(Copyright 2008 by The Associated Press. All Rights Reserved.)