Furniture Transport Group shutting down, 600 jobs during risk
Matt Evans
Reporter – The Business Journal
Furniture Transport Group will shudder a amenities in High Point as good as Lenoir as good as repay a assets. The closure could start as many as 600 sum employees.
But a organisation is expecting that discernible office rubbish will be rebate severe, conspicuous working Chief Financial Officer Mark Roberts.
“We’re nomadic down a operations over a successive manifold weeks,” Roberts said. But “we’re user closely with a array of a pass business as good as competitors so we idea a catastrophic cadence on jobs will be slight” if they locate a small of a company’s capacity, he added.
Furniture Transport Group or FTG was made in 2007 by a partnership of MGM Transport, Caldwell Freight Lines as good as Foothills Trucking. The organisation after acquired Lance Transportation.
In an announcement, FTG conspicuous it has been confusing to renegotiate a financing with comparison lenders for manifold months though success, as good as has been amateurish to line adult collect financing.
“It has been energetic that an helper murder of roughly all of a company’s resources is a customarily viable impetus of action,” conspicuous CEO Steven Lusty.
Matt Evans covers biotech, entrepreneurship, aloft education, financial services as good as furniture. Contact him during (336) 370-2916.
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Reach Matt Evans during (336) 370-2916 or mlevans@bizjournals.com. Follow Matt on Twitter during @TBJMatt.
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