More Thomasville workers sacrificed for corporate strategy
This is a sad day for Thomasville.
For all of Davidson County, which has lost so many jobs in the furniture industry, the bad news just keeps coming.
Thomasville has been battered by cheaper imported furniture, an increasing amount of it coming from China.
But there's an unpleasant twist to the story. Thomasville Furniture Industries' parent company, Furniture Brands International of St. Louis, is contributing to the problem through its strategy of "blending" domestic and foreign production. While it still maintains most of its manufacturing in the U.S., more and more is going overseas.
To the extent that strengthens FBI's financial outlook, I suppose the strategy makes sense. But the company is starting to lose its balance as more jobs are lost in Thomasville and other furniture towns in North Carolina.
They just can't absorb this punishment.
My heart goes out to those TFI employees and their families.