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Article Date: August 2020
Word Count: 202

W.L. Gore to Reorganize Fabric Division


Despite a team effort on cost cutting, the challenges of the pandemic and ongoing challenges in the market place will result in a refocusing of the fabrics division and an estimated 120 layoffs, about 10% of the division. In a statement, Gore noted, “Gore is sensitive to the difficult implications for the affected Associates and will work to treat them fairly in accordance with our values.” An internal memo notes that Gore had been working on a turnaround plan prior to the Covid crisis, but result had not come quickly enough and the division will not meet its financial targets ... Log in to view full article.

 


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