Burlington Plans to Cut 4,000 Jobs

Published January 13, 2015

Burlington Industries Inc., once the world's largest textile maker that filed for bankruptcy protection last year, plans to cut 4,000 jobs in the United States and Mexico, or more than a third of its overall work force, as part of a restructuring program.

The Greensboro-based company said Thursday a reorganization of its apparel fabrics business would result in 2,800 layoffs in the United States and 1,200 more in Mexico. The cuts were in response to ``slowing economic conditions and continued import competition,'' the company said.

``We are moving aggressively to create more value for our customers and provide a broader range of new products and fabric innovation, `` said George W. Henderson III, chairman and chief executive.

The company said at the time of its bankruptcy filing last year that it employed about 11,000 workers overall.

URL

https://www.foxnews.com/story/burlington-plans-to-cut-4000-jobs