Attleboro, Mass.-based Swank Inc., a maker of men’s jewelry, belts and leather goods, has eliminated 383 jobs, or about 37 percent of its workforce, this year to cut costs as it exits the jewelry manufacturing business and focuses on men’s accessories.
Swank began eliminating 93 workers in the first quarter of this year, Chief Financial Officer Jerold Kassner said. The company cut another 250 workers in Costa Rica when it closed a jewelry and belt manufacturing plant in April and trimmed 40 more workers in July when it sold its women’s jewelry business.
Seifert Systems Invests in Energy Efficiency to Strengthen Operations
For manufacturers, energy is more than just another operating expense. It plays a critical role…
Learn More
The Attleboro, Massachusetts-based company has cut 578 jobs since the first quarter of 2000 and now has about 655 full-time employees, Kassner said.
(Bloomberg)
