Posted on 08/28/2023 9:23:57 AM PDT by dynachrome
Furniture manufacturer Mitchell Gold + Bob Williams (MG+BW) abruptly shut down three of its North Carolina plants over the weekend. Employees were shocked to find paper notices tacked to entrance gates and doors, notifying them that the company had ceased operations.
This abrupt closure affected North Carolina locations, including the main plant in Taylorsville, the frame plant in Hiddenite, and the NCDC Statesville, as well as remote home office workers.
The signs posted at the Taylorsville plant and other facilities were dated Saturday, August 26, and read:
Mitchell Gold + Bob Williams has recently and unexpectedly learned that we are unable to continue business operations.
Any MG+BW employees that are located at the following NC locations should not report to work as of Monday, August 28th:
• Main Plant: Taylorsville • Frame Plant: Hiddenite • NCDC: Statesville • Any home office remote workers are not to log in • All home office workers.
We are sorry about the difficulties this may cause.
As soon as we have a schedule to get your tools & personal belongings, we will contact you. Thank you.
Chris Moye, the Interim CEO who took on the role in April 2023, further outlined the company’s plight in a letter obtained by Taylorsville Time.
For the hundreds of employees who are now suddenly jobless, the company has promised to liaise with local elected officials and the State’s Dislocated Worker and Rapid Response Unit. However, employee benefits, including health insurance, are set to end on August 31, 2023. Those affected are now directed to seek assistance through unemployment benefits and may also be eligible for certain Company Benefits at their own expense through Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA).
(Excerpt) Read more at thegatewaypundit.com ...
Could be the big contract they were hoping to get didn’t come through. It would have been better to also send an email and not have them come to work to read the notice.
Best economy ever.
...Joe Biden
Biden wants you to buy cheap crap imported from China instead of well built furniture made in the US.
Where’s Joe from Scranton to tell them how good everything is getting?
What in the world? How do they not know they’re in financial straights? Prayers up for the folks who lost their situation. God bless them.
Not much need for new furniture when no one can afford a new home.
You would think there would be some severance pay for anyone who worked over a year.
Hopefully Joe will be able to tell people how when he showed up for work in January 2025 there was a note saying his service no longer needed.
> Biden wants you to buy cheap crap imported from China instead of well built furniture made in the US. <
And so does every member of the Republican establishment. Trump tried to rock that boat. And that’s one reason he had to go.
The Stihl plant here in Virginia Beach has just laid off a large number of employees.
The Biden Trainwreckonomics is right on schedule.
Learn to code, baby!
Make sure you all vote dem again because Trump is bad. IDIOTS.
Having been in the furniture mfg and import business 40 plus years Mitchell Gold is nothing compared to earlier in August with Klaussner Mfg.
There will be more closing
If you can’t afford a house. Furniture etc. is not needed. All those huge furniture factories and showrooms are just the next part of the foreign land grab.
“ Not much need for new furniture when no one can afford a new home.”
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Here’s betting that Chinese furniture exports to Biden’s America are going up.
Sudden business closures such as this are like Hemingway’s description of going bankrupt — gradually, then all at once. It could be that a contract didn’t come through, liquidity evaporated, loans were suddenly called or data was misinterpreted so that an “Aw, sh*t” moment came up quickly. Lord knows, there have been plenty examples of that in the ravaged NC furniture industry. Something about this doesn’t smell right. It could be inept management and/or someone playing fast and loose with the books. This should be scrutinized by authorities.
If there is no money there can be no severance pay.
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