From the Dalton Daily Citizen
By Jamie Jones
Five years ago, Chattanooga-based The Dixie Group decided its future hinged on the niche market of high end residential carpets and rugs. The company was generally able to weather the slowing of the floorcovering industry as customers with money to spend on pricier carpet and rugs did so.
But on Tuesday Daniel Frierson, Dixie Group chairman and chief executive officer, revealed plans to cut about 8 percent of the company’s 1,400-person work force, postpone salary increases and not refill vacant positions to help offset “a very difficult period as an industry.” Frierson said the company will not cut sales staff. The Dixie Group does not have any operations in Dalton, but is a key player in the carpet industry.
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