LEXINGTON, N.C. -- A furniture company plans to consolidate its North Carolina production, cutting 350 jobs in Lexington and adding 200 in Robbinsville.
Stanley Furniture said Tuesday it will close its plant in Lexington by mid-October. Stanley President and CEO Jeffrey Scheffer said the company plans to consolidate North Carolina production in a more modern plant in Robbinsville.
He said the jobs in Robbinsville will be added over the next couple of years.
The Winston-Salem Journal reports that, counting the Stanley closing, Davidson County has lost almost 5,000 furniture jobs since 2001.
Virginia-based Stanley will keep about 20 jobs at a warehouse in Lexington.
Scheffer said the combination of a housing slump, shrinking disposable income and slipping consumer confidence led to the decision to consolidate operations.
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