As reported by businessnc.com, HanesBrands is shutting down operations at its distribution center in Winston-Salem, North Carolina, USA, as the company streamlines its operations. This is the third major cost-cutting measure at HanesBrands since last January.
The closure of the facility will cost 159 jobs – the fourth set of layoffs in six months, with the total number of jobs lost now exceeding 400.
Gildan seeks to acquire HanesBrands and hopes to achieve cost synergies worth $200m three years out.
75 people lost their jobs when HanseBrands closed down its distribution center in the southeast of the US.
North Carolinian Triad Business Journal has obtained a memo revealing that HanesBrands will move from its Hanes Mill Road campus to the Park Building in downtown Winston-Salem early next year. This is part of a plan to downsize after the company has sold Champion to Authentic Brands Group. The new ...
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