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Vaughan-Bassett Furniture Company says the Galax plant will have to increase production and employees will go back to working on a full-time schedule, as the Elkin, N.C., factory closes down, resulting in 400 people losing their jobs.
“We are now facing both Asian competition and a severe and possibly prolonged recession, producing the worst slump in the furniture business in at least 30 years,” said Wyatt Bassett, president and chief executive officer.
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