{"id":2898,"date":"2013-12-13T14:13:31","date_gmt":"2013-12-13T08:43:31","guid":{"rendered":"http:\/\/indonesia-furniture.com\/news\/2013\/12\/13\/stanley-furniture-to-cut-200-nc-jobs\/"},"modified":"2013-12-13T14:13:31","modified_gmt":"2013-12-13T08:43:31","slug":"stanley-furniture-to-cut-200-nc-jobs","status":"publish","type":"post","link":"https:\/\/indonesia-furniture.com\/articles\/stanley-furniture-to-cut-200-nc-jobs\/","title":{"rendered":"Stanley Furniture to Cut 200 N.C. Jobs"},"content":{"rendered":"<p>\u00c2\u00a0(AP)  STANLEYTOWN, Va.<br \/>\nStanley Furniture Co., a maker of wood furniture, said Tuesday it                         <!--adsense--><br \/>\n\t\t <!--more--><br \/>\nwill cut about 200 jobs at its Robbinsville, N.C., facility due to flagging sales.<\/p>\n<p>&#8220;The industry wide slowdown that has led to lower sales requires us to balance production and staffing levels throughout our four facilities,&#8221; Chairman, President and Chief Executive Jeffrey R. Scheffer said in a statement.<\/p>\n<p>The plant currently employs about 450 people. Stanley Furniture said the job cuts will affect both management and hourly employees.<\/p>\n<p>In October, the company said its third-quarter sales slipped 11 percent to $75.9 million, while quarterly profit fell 48 percent to $3 million as the company dealt with the effects of the slowdown in the U.S. residential housing market.<\/p>\n<p>Shares rose 60 cents, or 2.8 percent, to close at $22.38 on the Nasdaq. The stock has ranged between $19.11 and $29.96 over the past year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u00c2\u00a0(AP) STANLEYTOWN, Va. Stanley Furniture Co., a maker of wood furniture, said Tuesday it<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-2898","post","type-post","status-publish","format-standard","hentry","category-furniture-world-news"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/posts\/2898","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/comments?post=2898"}],"version-history":[{"count":0,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/posts\/2898\/revisions"}],"wp:attachment":[{"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/media?parent=2898"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/categories?post=2898"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/tags?post=2898"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}