Confusion surrounding the status of a local textile manufacturer has been clarified. Contrary to previous reports, Parkdale, a yarn manufacturer, is not closing its plant. This correction follows earlier information from a WSOC-TV article. However, it has been confirmed that an international textile company plans to close a facility in North Carolina, resulting in significant layoffs.
Patrick Yarn Mills Inc., a subsidiary of the Coats Group based in London, will be ceasing operations at its plant located at 501 York Road in Kings Mountain. This decision was formally detailed in a Worker Adjustment and Retraining Notification (WARN) received by the North Carolina Department of Commerce on April 14. The plant’s closure will affect 173 employees. Situated just off Interstate 85 in Cleveland County, the facility is approximately 30 miles west of Charlotte.
The Bottom Line
The closure of Patrick Yarn Mills Inc. in Kings Mountain highlights the shifting dynamics within the textile industry, particularly impacting local communities and economies in North Carolina. The decision to shutter this facility is expected to have several repercussions for the affected employees and the surrounding region.
For the 173 workers facing layoffs, this move necessitates seeking new employment opportunities, which might pose challenges in a specialized industry. The local economy may also feel the impact through reduced spending power and potential shifts in community demographics. Additionally, the closure underscores the ongoing changes faced by traditional manufacturing industries in adapting to global market pressures and technological advancements.