Burke Mills Inc of Valdese, North Carolina, announces that it has issued the WARN Act Notice to its employees and will lay off all but a skeleton administrative staff on November 1, 2008.
The Company's board of directors has adopted a plan of liquidation which will be submitted to shareholders for approval at a special meeting to be held in late September.
The business grew quickly and within two years Burke Mills was dyeing polyester, rayon and acetate wrap yarn.
Burke Mills has grown into a "state-of-the-art" package dyehouse with 200 dedicated associates, proudly carrying on the traditions of Burke's two founders.