Business Services Industry
Sara Lee Branded Apparel to Cut 4,175 Jobs as Import Quotas Near Expiration.
Knight Ridder/Tribune Business News, June, 2004
By Richard Craver, Winston-Salem Journal, N.C. Knight Ridder/Tribune Business News
Jun. 11--Sara Lee Branded Apparel said yesterday that it will cut 4,175 jobs, including 150 in Winston-Salem, and close five Central American plants as it prepares for the expiration of textile import quotas on Jan. 1.
The division, based in Winston-Salem, said it is consolidating production of its intimates, sportswear and underwear lines.
"These changes better align our resources to execute strategies for future growth in a quota-free global market," said Lee Chaden, the new chief executive of the division. "It is imperative that we redeploy resources to maintain and enhance our long-term competitive position."
Peggy Carter, a company...
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