Decreased Demand Causes Layoffs at Victor Forstmann Mill

May 27, 2005

     May 27, 2005 -- Victor Forstmann, Inc., a textile mill in Dublin, Ga., last week announced a major layoff of employees, effective July 19, to adjust to a decrease in demand for its products.
     The announcement was made by Richard Duval, president of Victor Woolen Products, Ltd., ?While we regret having to make this move, we have determined that it?s the only way for us to remain competitive in the American market.?
     Duval pointed to the increased availability of textiles from China and other Asian nations as a major factor in the decrease in market demand for Forstmann fabrics. The World Trade Organization abolished quotas on textiles form developing countries in January 2005.
     The Forstmann mill, which was opened in 1947, will lay off 159 employees. They will close their women?s wear and coating divisions and concentrate on uniforms and some cap fabric.

<< Back