Fruit Of The Loom Closing Central America Plant

Underwear maker is closing a Honduras facility as a result of 'a shift in product demand and the ongoing consolidation,' according to company officials.

BOWLING GREEN, Ky. (AP) — Fruit of the Loom Inc. will close a plant in central America within the next few months because of consolidation and shifting demand.
The underwear maker plans to shut its Jerzees de Choloma facility located in Choloma, Honduras, and the plant's approximately 800 employees have been notified, the company said.
The plant will close as a result of ''a shift in product demand and the ongoing consolidation of Fruit of the Loom and Russell Corporation,'' according to company officials.
Bowling Green, Ky.-based Fruit of the Loom acquired Russell in 2006.
The company said it would work with employees to ensure they receive benefits and to identify job opportunities at other Fruit of the Loom facilities.
The companies are part of billionaire investor Warren Buffett's company, Berkshire Hathaway Inc., which has grown to include more than 60 different subsidiaries. Berkshire's 19-person headquarters in Omaha, Neb., oversees more than 217,000 employees worldwide and decides how to invest the money generated by subsidiaries.
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