Bassett Furniture has announced a series of layoffs and retirements in a bid to better match its cost structure to the current rate of business, the company said in a release.
This round of reductions, which included layoffs, early retirements and attrition, impacted 40 workers. Since the start of the year, Bassett has reduced its workforce down to around 1,250 workers from 1,400, an 11% reduction.
https://www.furnituretoday.com/financial/bassett-furniture-lays-off-40-bringing-total-to-150-this-year/