Statewide: Triad region, June 2014
STATEWIDE Triad Region
WINSTON-SALEM — Wake Forest Baptist Medical Center laid off 350 of its 14,686 employees to reduce costs. It blamed increased expenses and reduced Medicaid and Medicare reimbursements. The hospital cut 950 positions in 2012.
MEBANE — Cambro Manufacturing Company will create 100 jobs and invest $30.4 million over three years to open a plant that will make shelving and other products for food-service companies. The Huntington Beach, Calif.-based company will pay an average annual wage of $44,200, about 23% higher than Alamance County’s average.
EDEN — Shri Govindaraja Textiles will invest more than $40 million and create 84 jobs over two years in a manufacturing plant here. A division of India-based Jayavilas Group, the company will spin yarn from North Carolina-grown cotton at a building previously owned by rug-maker Karastan, a division of Calhoun, Ga.-based Mohawk Industries. Jobs will pay an average of about $24,000, lower than Rockingham County’s $30,900.
WINSTON-SALEM — Reynolds American, parent of R.J. Reynolds Tobacco Co., named Susan Cameron president and CEO in May. Cameron, who was chief executive and president from 2004 to 2011, succeeds Daniel Delen, CEO since 2011.
HIGH POINT — Ralph Lauren Corp. will open an 843,000-square-foot distribution center by September 2015. The number of new jobs wasn’t disclosed. The New York-based apparel and home-furnishings company is High Point’s largest employer with more than 2,300 workers.