Furniture store plans to layoff some Mississippians
ECRU, Miss. - --
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.
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.
Labels: Ashley Furniture Industries, layoffs, Mississippi
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