|
|
Article: Threadbare prospects loom for cloth and clothing makers.(North Carolina)(Illustration)(Statistical Data Included)
- Article from:
- Business North Carolina
- Article date:
- February 1, 2000
CopyrightCOPYRIGHT 2000 Business North Carolina. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Tar Heel textile and apparel makers must feel a bit like Sisyphus, the mythological king of ancient Corinth who was doomed forever to roll a heavy stone uphill, only to have it roll back down. No matter how many costs they cut, no matter how many Tar Heel jobs they ax, competitive pressures from overseas force them to keep cutting. "You'd think after several years of this pattern, that it would eventually level off. Well, not so," says Gary Shoesmith, director of the Center for Economic Studies at Wake Forest University.
Based on the first nine months of the year, North Carolina was expected to lose 14,300 textile and apparel jobs in 1999, 8.6% of the total and ...