Russell Corporation to move more production offshore
Russell Corporation has announced a major restructuring designed to improve the company's long-term competitiveness.
The plans focus on three areas within the company and include a continued shift offshore of textile/apparel manufacturing operations; expansion of its newest textile facility in Honduras; the elimination of all knit textile capacity in Alexander City, Alabama; the completion of the movement of sock production offshore;
The movement of additional team uniform production offshore; the closure of a sewing operation in Mexico; the completion of operational changes to Huffy Sports' backboard business; the elimination of remaining Huffy Sports domestic production; the movement of production offshore to a current supplier; reductions of $8 million to $10 million in overhead costs; the reorganisation of sales and marketing within the Russell Athletic Group; the elimination of approximately 90 positions in corporate and division offices.
The plans will impact approximately 2,300 positions globally, including 1,700 in the