SALEM, N.C. (AP) — Microfibres Inc. says it is shuttering its Winston-Salem manufacturing plant, eliminating 125 jobs.
The Pawtucket, Rhode Island-based company announced Tuesday that it is ending its U.S. manufacturing presence in response to domestic and global textiles challenges that could lead to a bankruptcy filing.
Microfibres General Manager Steve Trastelis tells the Winston Salem-Journal (http://bit.ly/1PUzizz ) that the company has a workforce of 125 people at its Winston-Salem plant, down from 270 as recently as 2004.
The company makes high-performance, stain-resistant flocked fabrics for the upholstery, furniture and specialty products markets.
Trastelis says employees were told Tuesday of the decision to close the plant, which could take place by the end of the week.
He says without emergency funding, the company could file for bankruptcy protection as soon as Friday.