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Stanley Furniture Company, Inc.

Stanley Furniture Announces Plans to Reduce Workforce at Its Stanleytown, VA Facility

Published in Health Business Week, March 13th, 2009

Stanley Furniture Company, Inc. (Nasdaq-NNM: STLY) announced plans to reduce the workforce at its Stanleytown, Va., facility by approximately 100 production positions.

The Company currently employs approximately 1,500 people. This action impacts only the Company’s Stanleytown, Va. facility.

“The recession in the U.S. economy has continued to lead to lower sales, requiring us to balance production and staffing levels,” says Albert L. Prillaman, chairman and chief executive officer. “We have a proven business strategy and are focused on improving our product offerings, quality and service as we prepare for the eventual upturn in business. We are...

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