STANLEYTOWN, VA – Stanley Furniture Co. Inc. announced plans to reduce the workforce at its Stanleytown facility by approximately 100 production positions, according to MarketWatch.com. The company employs approximately 1,500 people.
“The recession in the U.S. economy has continued to lead to lower sales, requiring us to balance production and staffing levels,” says Albert L. Prillaman, chairman and CEO. “We have a proven business strategy and are focused on improving our product offerings, quality and service as we prepare for the eventual upturn in business. We are preserving as many jobs as possible so we retain the flexibility to quickly respond to improving demand with our mostly domestic manufacturing model. We sincerely regret the impact of this decision on our Virginia associates and their families who are affected.”
Stanley Furniture will work closely with the Virginia Employment Commission and the West Piedmont Workforce Investment Network to provide career counseling, job placement, skills assessment and job referrals. Because Stanley Furniture is already certified for federal Trade Adjustment Assistance (TAA) under the Trade Act, associates may be eligible to receive extended income support through Trade Readjustment Allowances, training programs, job search allowances and/or relocation allowances.
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