Bassett closing Va. plant, cutting 45 jobs
Friday, October 16, 2009
(Updated 8:35 am)
MARTINSVILLE, Va. (AP) — Bassett Furniture Industries says it will close its fiberboard manufacturing plant in Henry County by the end of the year, ending 45 jobs.
Bassett officials made the announcement Thursday.
President and chief executive officer Robert H. Spilman Jr. said the local demand for medium fiberboard has been depressed and no longer supports keeping the plant open.
The plant began production in 1970.
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