CAFTA blamed for layoffs at Edenton textile plant
By Editor, Boston.com, December 3, 2005
EDENTON, N.C. --More than 200 employees will lose their jobs at an Edenton manufacturing plant when the company moves most of its operations to Central America in the coming year.
Edenton Town Manager Anne-Marie Knighton said the decision by George C. Moore Co. is the result of the recently adopted Central American Free Trade Agreement.
The first 30 of the 203 employees at the plant are expected to be laid off in April, with the remainder let go by the end of 2006, according to a company news release.
The plant weaves and dyes elastic materials used by the textile industry, and has been in this city in the northeastern part of the state since the 1960s....
The Central American Free Trade Agreement, or CAFTA, is between Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and the Dominican Republic. It eliminates tariffs and opens up the region to U.S. goods and services....
The Moore announcement follows last week's decision by the Weyerhaeuser Co. to shut down its plant in nearby Plymouth after 57 years. That move is expected to displace another 200 workers...
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