American Apparel (APP) to Cut Hours at LA Factory: Report

Cash-strapped American Apparel Inc. (APP) is planning to sharply reduce hours at its Los Angeles factory to conserve funds, reports the New York Post. The slowdown could result in “sharply reduced hours and weeks off” for thousands of the retailers garment workers, according to sources. “This is a disaster for a brand that has prided […] View the full post at: American Apparel (APP) to Cut Hours at LA Factory: Report Related posts: After-Hours Earnings (Feb. 9) CIT Goes Bankrupt: American Taxpayers Likely to Lose $2.3 Billion Factory Orders Rise 1.1ptc