High-end furniture maker Mitchell Gold + Bob Williams abruptly shut down in its home state of North Carolina last weekend after more than three decades in business, leaving hundreds of workers out of a job with little notice or explanation.
On Saturday, signs were posted on the truck gate and office door of the company’s main plant in Taylorsville, informing employees, “Mitchell Gold + Bob Williams has recently and unexpectedly learned that we are unable to continue business operations” and telling them not to report to work on Monday, according to the Taylorsville Times.
The notice added, “We are sorry about the difficulties this may cause. As soon as we have a schedule to get your tools & personal belongings, we will contact you. Thank you.”
The Worker Adjustment and Retraining Notification (WARN) Act requires companies to provide employees with a 60-day heads up in advance of plant closures or mass layoffs, but Mitchell Gold + Bob Williams interim CEO Chris Moye issued a WARN notice to the state’s Commerce Department dated Aug. 26, informing the agency that the roughly 533 workers employed at the luxury manufacturer in the state would be laid off permanently within two weeks starting Aug. 28.
“In particular, and as you may have read in the news, the current economic climate has presented significant challenges to the U.S. furniture industry,” Moye wrote. “We have also recently and unexpectedly learned that the Company is unable to secure critical financing to continue business operations.”