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Malden extends non-workers' pay.

LAWRENCE, Mass.--Aaron Feuerstein, president of Malden Mills, reported late last month that the company will, for the third consecutive month since the fire, pay the 800 non-working employees for another 30 days.

Said Feuerstein, "The greatest contribution we can all make to Malden Mills to insure our future is to concentrate on quality product. It is our employees, whom we consider our finest asset, who can make this possible."

To date, more than 70 percent of Malden's 3,200 employees are back to work. In apparel, approximately 85 percent of employees will be back to work within 60 days. In the woven area, most of the employees are back to work, with 100 percent of workers expected back within 30 days. In the flock area, which experienced the most damage from the blaze, Feuerstein said he hopes to have three-quarters of the work force back to work in July or August of this year.

Feuerstein expects to have 90 percent of all employees back to work by this summer.

Malden is currently meeting 90 percent of its existing Polartec and Polarfleece apparel fabric customer requirements worldwide. Upholstery customer requirements for jacquard and woven product are currently at 100 percent.
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Title Annotation:Malden Mills Industries Inc.
Publication:HFN The Weekly Newspaper for the Home Furnishing Network
Article Type:Brief Article
Date:Mar 4, 1996
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