July 31, 2009

400 layoffs at Mohawk's Dublin plant

Mohawk Industries will lay off 400 workers at a plant in Dublin.

Calhoun-based Mohawk, the world’s largest floorcovering company, filed paperwork with the Georgia Department of Labor on Thursday notifying the state of the job cuts.

A phone call to Frank Boykin, Mohawk’s chief financial officer, was not immediately returned Friday afternoon.

The notification came on the same day company officials released second quarter financial results. For the first six months of 2009, the company lost $60 million compared to a loss of $71 million during the same time last year. Sales were down almost $1 million from January through June compared to the same time last year.

Jeff Lorberbaum, Mohawk chairman and CEO, said in a press release he was upbeat about the company’s performance during a tough economic stretch.

“Our second quarter earnings surpassed our expectations,” he said. “Our results improved from the first quarter as we benefited from increased sales, lower costs and higher utilization rates. We are transitioning to a leaner, lower cost structure to emerge in a stronger position when the economy recovers.”

Net earnings for the second quarter were $46 million, according to the press release. The press release can be viewed at under “Business.”

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