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News & Features

Virginia Businesses in the News
Cutbacks

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For the Record
Virginia Business Magazine
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CACI International Inc., an Arlington defense contractor, announced plans to cease providing interrogation services to the Army upon expiration of its contract in September. The company was tainted when employees were accused of participating in abuse of prisoners held at Iraq’s Abu Ghraib prison. No charges have been filed against company employees. (The Washington Post)

Capital One Financial Group, a McLean-based financial services company, cut 30 human resources positions at its Richmond operations. The work will be outsourced to Accenture HR Services and employees laid off will have the opportunity to apply with Accenture. Despite 1,000 jobs cuts this year under a company restructuring, Capital One says it is still hiring in Richmond and has 400 open positions. (Richmond Times-Dispatch)

Ethan Allen Interiors Inc., a manufacture of home furniture, plans to convert a Dublin manufacturing plant into a regional distribution center, cutting 250 of the 325 jobs at the facility. The move was seen as a way to address distribution services, rather than a downsizing of manufacturing operations. (The Roanoke Times)

Lear Corp., a Southfield, Mich.-based producer of automotive parts, plans to close its Covington plant where it manufactured door panels and interior automotive trim. All 220 workers will be laid off. The company also plans to close its Winchester plant, cutting 250 jobs. However, Lear is filling jobs at its Strasburg facility. (The Roanoke Times)

Mack Trucks will cut back truck production at its Dublin plant, eliminating 190 employees. The company decided to focus on vehicle production in Pennsylvania. Dublin’s output is expected to drop from 60 to 45 trucks a day. (The Roanoke Times)

Smithfield Packing Co., a meat processor based in Smithfield, will cut back on hog-slaughtering operations because of a short supply of livestock in the area. The move means the loss of 570 jobs, although some employees may be rehired at other Smithfield operations in the area. The move will not affect a $30 million capital improvements projects underway by the company. (The Virginian-Pilot)

 

 

 

 


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