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From Home Furnishing Business

Layoff of Lane Employees Likely in Furniture Brands Bankruptcy

The Chapter 11 filing by Furniture Brands International yesterday will likely result in the layoff of its 1,451-person Lane workforce in Mississippi.

Lane is being spun off separately from the company's stable of brands. The division operates plants in Belden, Miss., and Saltillo, Miss., as well as distribution centers in Verona, Miss., and Wren, Miss., and an office in Verona.

Gloria Neal, with the Mississippi Department of Employment Security, said the company filed notice Monday of the layoffs. She said the filing indicated the layoffs would start Oct. 14 and continue in "ensuing days and weeks." 

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Source: Clarion-Ledger

Furniture Brands Files Chapter 11; Plans Sale of Brands

Furniture Brands International (OTC: FBNI) has filed Chapter 11 bankruptcy protection today with the U.S. Bankruptcy Court in Delaware and said it plans to sell most of its assets, including brand names like Broyhill, Drexel Heritage and Henredon.

Newport Furniture Files C. 11

Newport Furniture, New Albany, Miss., has filed for protection under Chapter 11 of the U.S. bankruptcy code..... 

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