Hot Springs, Ark. (Munro & Company) - Bruce Munro, President and Chief Executive Officer of Munro & Company, a domestic shoe manufacturer and importer headquartered in Hot Springs, Arkansas, has announced that the company will be ceasing operations at their Mt. Ida, Arkansas facility effective immediately. Approximately 85 employees will be affected by the permanent layoffs. Munro will continue to manufacture at their other two Arkansas facilities in Clarksville and Hot Springs.
Munro said, "Since my father built the Mount Ida factory in 1968, our family has been proud to be a part of that community. We could not have asked for a more cooperative, skilled and loyal workforce."
The principal brand of Munro & Company is the Munro American brand of women's footwear, which is available in department stores and specialty boutiques nationwide. "We are one of the very few remaining domestic shoe manufacturers in America and we are committed to maintaining as large a domestic presence as is competitively feasible - but that comes with a price," Munro said. "To remain a viable company and retain our reputation for manufacturing very high quality footwear known for exceptional fit, it's apparent that the production needs don't support our current production capacity." Munro said "Despite magnificent cooperation from a skilled and loyal workforce, it has become increasingly difficult to compete with imports from low labor cost countries in an extremely competitive footwear market." Production at the Mount Ida facility will cease immediately. Some clean up operations will continue through October 25 when the facility will close permanently. Employees who wish to apply for positions at other Munro facilities will be given priority. Employees will receive a severance package based on seniority and the Company will be working with the Arkansas Department of Workforce Development to assist employees in job placement, training and other programs.
(Source: Munro & Company)