Monday, October 27, 2008

Plant Closings #3

I am by no means trying to list all plant closings. There are too many to capture anyway. I just try and pick out the ones that may have something of a lesson to learn. This article is posted in Triangle Business Journal:

Silver Line Building Products will shutter its plant in Durham before the Christmas holiday, laying off 428 people, according to the state Department of Commerce.

Silver Line, which makes vinyl windows and patio doors, told of its actions in a WARN Act notice with the Commerce Department. The company says it expects the closure to be effective as of Dec. 20.

Sometimes timing is everything. "The company came to the Triangle just four years ago, announcing in December 2004 that it would build a factory in Durham and employ 800 workers." Ouch, just before the housing boom ended.

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