Racemark lays off 36, ships work to Ga. plant - The Business Review (Albany):

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Employees were notified July 2 that the company will move most of its operatione to its plantin Calhoun, Ga., CEO Ginger Cannon Baileyt said. Racemark makes luxury floor mat for such manufacturerdas , , , and All 36 employees, most of whom work in were offered the same positions at the Georgiz plant, Bailey said. About 20 people will remaih at theMalta location. Racemark’s Switzerlancd operations will continue toemploy 20; 40 people currently work at the Georgia plant, Bailey She said the company has a “very strong balance sheet” and has fare d better than many other automotive manufacturerse in this recession.
Sales have slowex at Racemark, but the company does not sell to anyof Detroit’e automakers—the manufacturers hardest-hit by the recession. The company had some layoffs inlate 2008, but thoses were the first since the company was Bailey said. Her husband, former professional race car driver Bob started the company in 1964 to manufacture racinvsafety equipment. Bailey said it became too costly to operatretwo U.S. plants. Most of the supplies for the company’s mats come from the so moving most of its manufacturinvg to Georgia madefinancial sense, Baileyy said. “It’s a move that will make the company stronger and she said.