Ethan Allen to close Calif. manufacturing plant

By Associated Press
June 3, 2009 | Comments (0)

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Ethan Allen says it will close a Chino, Calif., upholstery facility and instead expand its manufacturing operations in Maiden, N.C.

Ethan Allen Interiors Inc. said Wednesday that 65 employees and 137 contracted workers will be affected by the closure of the California plant. The furniture company said its N.C. operation currently has 540 employees and now expects to add 302 additional jobs over the next three years.

The Danbury, Conn.-based company said the consolidation will begin immediately.

Ethan Allen expects to record aftertax charges of $1.7 million to $2 million for the move, translating into a charge of 6 or 7 cents per share for the quarter ending June 30.

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