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Crown Crafts Announces Layoffs In North Carolina

Atlanta-based Crown Crafts Inc., announced that there will be a layoff at its Timberlake (Roxboro), N.C., facility on December 29, 2000. Approximately 250 of the current 392 employees are expected to lose their jobs. Michael Bernstein, CEO, explained, "In order to be competitive in the home furnishings industry, we must focus our resources in those areas that add the most value for our customers. After an extensive review, we concluded that we should shift our strategy to be a marketing and distribution business and to outsource most manufacturing. We deeply regret the impact that this has on our employees and the community, but we must face the reality of competitive forces in the international economy."

December 2000




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