Jones Apparel completes review of denim manufacturing operation in Mexico
11 Jul '05
2 min read
Approximately 3,500 employees will be affected by the closure. The Company is undertaking a number of measures to assist affected employees, including severance and benefits packages.
In addition, the Company incurred a charge of approximately $3.2 million in the second quarter as a result of an arbitration award to a former employee.
US based Jones Apparel Group Inc, a Fortune 500 company, is a leading designer, marketer and wholesaler of branded apparel, footwear and accessories. It also designs women's sportswear, suits, dresses, jeans, shoes, jewelry, and other accessories under multiple brands, including Jones New York, Nine West, and Napier. For more than 30 years, we have built a reputation for excellence in product quality and value, and in operational execution.
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