From Home Furnishing Business
Genesis Furniture Closes
Upholstery producer Genesis Furniture has closed in Pontotoc, Miss., and 63 employees have been laid off.
Genesis Furniture Co. in Pontotoc has closed, according to a notice issued by the Mississippi Department of Employment Security.
The move, announced to employees April 4, affects 63 workers.
According to the notice, “the closure of Genesis Furniture is due to a decline and or lack of orders, demand for products and competition from other furniture manufacturing companies who obtain cut-and-sewn components from overseas.
Read Entire Story Source: The Daily Journal