Performance Fibers announced plans to lay off 132 workers at its Moncure plant in North Carolina. The cuts will affect one-third of its current staff of nearly 400 workers. Those expected to lose their jobs will be notified in October and will be asked to leave by the beginning of next year.

Performance Fibers manufactures polyester that is used to reinforce tires and belts and for industrial fabrics and upholstery. The Richmond, Virginia-based company has been battling higher costs for materials, an increase in competition, and slumping demands.

Although this sector has continued to attract new jobs in North Carolina, Performance Fibers illustrates how the region is still affected by the global economy. In July, unemployment rose to 5.1%, the first time it has been above five percent in four years.

Click here to learn more about manufacturing jobs in your area.

add to favorites

transcription

back to archives

Testimonial of the Week

EmploymentCrossing is great because it brings all of the jobs to one site. You don't have to go all over the place to find jobs.

Kim Bennett Iowa,

+ Read More Testimonial

Only ManufacturingCrossing consolidates every job it can find in the domain and puts all of the job listings it locates in one place.

We have more jobs than any other job board.
We list jobs you will not find elsewhere that are hidden in small regional publications and employer websites
We collect jobs from more than 4,429,376 websites and post them on our site.
We are private, and therefore far fewer people are applying for the jobs on our site than are applying for those on public job boards.