Bassett furniture announces 25% permanent reduction in workforce

Bassett furniture industries inc - continued reopening its stores.bassett furniture industries inc - total stores reopened for business are 43 of its 66 corporate-owned stores.bassett furniture industries inc - expects to reopen 19 more stores by week of may 18, 2020.bassett furniture industries inc - 25% permanent reduction in workforce.bassett furniture industries inc - 42% of remaining workforce will remain on furlough through at least may 31, 2020.bassett furniture industries inc - permanent closure of grand prairie, texas upholstery manufacturing operation.bassett furniture industries inc - production at grand prairie shifted to manufacturing location in newton, north carolina.bassett furniture industries inc - no significant severance or restructuring charge is expected.bassett furniture industries inc - bassett's wholesale revenue from march 23rd through end of april declined by more than 80%.
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