Lincolnton company, praised by Obama for bringing new jobs, closes Read more here: h

Discussion in 'News / Current Events' started by Revmitchell, Jan 4, 2013.

  1. Revmitchell

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    Feb 18, 2006
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    Lincolnton Furniture Company closed abruptly Thursday just one year after it was hailed by President Barack Obama as an example of the recovering U.S. economy.

    Furniture-making operations stopped indefinitely and only a few people will remain employed moving forward, company financial officer Ben Causey said.

    “I don’t know where it’s going to go exactly; we’re still evaluating our situation,” Causey said. “We just didn’t have any choice at this point.”

    The company was not receiving the orders it needed to sustain its operations, Causey said.

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