Wednesday, February 15, 2006

Quaker Fabric loses 25 Million in 2005 seeks "significant improvement" in 2006

The Herald News reports that Quaker Fabric lost 25 million dollars in 2005.

Once the City's largest private employer Quaker Fabric has taken a beating in recent years and has even been the subject of the Mayoral election when challenger F. George Jacome stated that the city had to prepare for potential closure of companies like Quaker Fabric.

Quaker CEO Larry A. Liebenow believes that the company has made several important moves that should see a much stronger company in 2006.

No comments: