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The fabrics division of W. L. Gore & Associates announced to employees this week that the company is “realigning its organization to support a refined business strategy,” a move that has put roughly 120 jobs in jeopardy.
In a statement dated August 24, Gore confirmed that the decision necessitated “changes to the structure within the consumer garments and GORE Wear businesses. The realignment has the potential to impact approximately 120 associates globally.”
“We acknowledge the difficult implications this will have on associates and are committed to handling the situation fairly, sensitively, and with respect in accordance with the culture on which our enterprise was founded,” wrote Jacques Rene, global leader of Gore’s fabrics division, in the statement.
The rationale behind the restructuring, Rene wrote, had to do with “sharpening [Gore’s] focus as a premium ingredient supplier in the outdoor industry.” That change, he wrote, would better position the company to support customers and deliver high-performing products.
“Other Gore business and functional areas are not affected by the repositioning of the consumer fabrics business,” the statement said.
Outside Business Journal contacted Gore for specifics, but a representative for the company declined to comment, stating only that “as a privately held company, further details around these business decisions are not being disclosed.”