Lack of demand for penny loafers leads to factory closure
30/01/2008
According to local media reports American footwear manufacturer SAS Shoemakers is to close its factory in Pittsfield, Maine, due to a lack of demand for the penny loafers and other shoe styles manufactured at the site. The staggered closure, which is planned to begin in April, will lead to the loss of 145 jobs, although some staff may be offered transfers to the company’s production facilities in Texas.
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