Below is an essay on "Shaw Industries" from Anti Essays, your source for research papers, essays, and term paper examples.
SHAW INDUSTRIES UPDATE
With more than $5 billion in annual sales, Shaw Industries is the world’s number one carpet manufacturer. As the world’s number one carpet manufacturer, our sales are directly related to the housing market and the continuing struggles in the new-housing market and the inability of many current homeowners to afford remodeling projects have lowered demand for carpet. Shaw has many plants around the nation, including the plant in Milledgeville, Georgia that makes yarn used in the manufacture of carpeting. Due to the decreased demands in the housing market, the Milledgeville plant can no longer operate at a profit. After much discussion and an extensive search for other solutions, we are forced to close the Milledgeville plant and lay off all 150-plant employees. The plant will close in three to four weeks. Shaw is committed to helping relocate our employees are the Milledgeville plant and as openings become available in other Shaw facilities, we hope to be able to place some of the workers in those jobs. We are also very happy to announce that our Milledgeville plant employees will be able to take advantage of the assistance provided by the State of Georgia, which includes career counseling, unemployment benefits, and job retraining. Georgia Labor Commissioner Michael Thurmond promised to help the affected employees. He noted that ”The layoff at Shaw Industries in Milledgeville will create a difficult situation for the workers and their families, and I want them to know they’re not alone in dealing with this problem. Our staff will work closely with the laid-off workers, company officials, and local elected officials in determining how to best assist the affected employees.”