GARDENA, Calif. - Residential furniture giant Jonathan Louis will lay off 329 workers and decrease production at its 58,000-square-foot manufacturing facility in Gardena, California, reported the LA Business Journal.
Jonathan Louis, which sells sofas, beds, chairs, and other home furniture, was founded in 1985 and has grown to become one of the larger furniture makers in the U.S - primarily selling at Macy's and other retailers.
The layoffs and decrease in production are because of "slowing business demand and an increase in production cost," company owner Juan Valle wrote in a letter to the state's Economic & Workforce Development Department.
The LA Business Journal writes that production costs may have been driven up by increased Chinese tariffs, as data indicates the company relies heavily on Chinese materials.
Have something to say? Share your thoughts with us in the comments below.