According to the Chattanooga Times-Free Press, Collins & Aikman will close a plant in Athens, Tennessee, that made carpet for the automobile industry. C&A is trying to restructure through a Chapter 11, and the plant is one of the assets being sold to help pay creditors. The closing is expected to cost 445 jobs.
Recently, the TFP reported that Chattanooga had landed a Japanese maker of car carpet, Tuftora, but according to that story, the new plant will employ about 20, hardly making a dent in the jobs lost. However, the story does say that Tuftora will invet $4MM in its plant, some of which will certainly create an indirect benefit to the community in the form of construction jobs, material sales, and related taxes.
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