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Resource ID: #21540
Subject: Business
Source: Observer (Charlotte, N.C.)
Date: 2024-02-20



"When Charlotte-area textile giant Pillowtex collapsed in 2003, it wiped out 7,650 jobs, including 4,800 jobs in North Carolina -- the largest mass layoff in state history and a significant blow to the local economy." This investigation examines the company's last three years and how various issues (like a rapidly changing board of directors and critical miscalculations) led to its collapse.

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