Pillowtex Corp.

• Position: Closes bed-sheet factory - Brief Article

Pillowtex Corp., the struggling owner of the former Fieldcrest-Cannon textile operations in North Carolina, is closing a bed-sheet factory in Kannapolis in mid-July and phasing out towel production in another plant there. The two moves will result in 590 layoffs over the next few months. The company, which is moving its headquarters from Dallas to Kannapolis as it tries to reorganize, also is closing two factories in...