Fashion trimmings units closure to hardhit local economy
18 Nov '05
2 min read
Come April, and Warren city in New England will lose its landmark with the proposed closure of fashion trimming factory Wm. Wright Company.
The company was manufacturing parachutes during World War II.
About 250 redundencies are expected as Wright merges with one of the world's largest trimmings manufacturers, Conso International.
The factory created economy of the entire rural communities in New England and has saddened many whose livelihood it provides.
Workers had good words for the company which provided bus facility and typing and data information courses for its employees.
A cryptic "inefficient"comment was all that was forthcoming from Michael D Fuss, President and Chief Executive Officer of Wright, as Wm. Wright Company's manufacturing and shipping departments will move to Nashville, Tennessee.
Reasons for closure ran form Tom Juravich, a Labor Studies professor at the University of Massachusetts, stating several manufacturing jobs lost in the state due to near shoring rather than outsourcing.
Textile industry in Massachusetts lost about 6 percent of its jobs in 2004 as per the report "Capital Mobility and Job Loss in Massachusetts," by Stephanie Luce and Kate Bronfenbrenner.
It also mentions that Massachusetts accounts for 8 percent of the total textile industry in the United States, resulting in a net loss of 3 percent of jobs nationally.
But, total unemployment in Massachusetts declined marginally down to 4.7 percent from 5.3 percent since July 2004, indicates the Department of Labor report released in July 2005.
marketing@alchempro.com
