Eagle Inds. Temporarily Lays off 300

March 18, 2013  by in UnCategorized   

By Aggregated Content in Bedroom on March 19, 2013 from http://www.bgdailynews.com/news/local/eagle-industries-temporarily-lays-off/article_c8d0f337-a5fd-592c-8183-94be5b60722f.html

Eagle Industries laid off about 300 production employees this week, but the down time should be temporary: Owners of the custom build furniture-making company are in negotiations with out-of-town investors for the sale of the company.

"The company has a letter-of-intent to purchase us, and our attorneys and bankers are trying to finalize everything this week," said James Bond, vice president of sales and marketing. "They had auditors in looking at the books and asked us to not run production this week while everything was being finalized."

Read Full Article...