Hanesbrands to Cut 5,300 Jobs

Hanesbrands Inc. will cut approximately 5,300 jobs and close nine sewing and assembly operations in five countries as part of an ongoing restructuring effort to make its business leaner and more profitable. The closing of the plants affects nearly 5,000 employees in Canada, the United States, Mexico, the Dominican Republic and Puerto Rico as it moves production to lower-cost operations in Asia and Central America. Another 350 management and administration positions also will be cut. The restructuring will cost approximately $42 million. Since its spinoff from Sara Lee Corp. last year, Hanesbrands has announced the closing of nearly a dozen manufacturing facilities in the Dominican Republic, Mexico, Puerto Rico and the United States.