Archive for the 'Ecru' Category

Ashley to lay off about 200 workers

Published September 19, 2008 Ecru , Northeast Mississippi , Oxford , economy , employment , general business 1 Comment

Ashley Furniture officials confirmed today that it will be laying off about 5 percent of its work force at its plants in Ecru and Ripley, affecting some 200 workers.

A company official said the decision was difficult to make, but in light of economic conditions, it was a necessary step.

Look for more information in tomorrow’s Daily Journal.

TVA to increase rates 20 pct

Published August 19, 2008 Aberdeen , Amory , Baldwyn , Blue Springs , Booneville , Columbus , Corinth , Ecru , Fulton , Itawamba County , Iuka , Lee County , Monroe County , Nettleton , New Albany , Northeast Mississippi , Okolona , Pontotoc , Pontotoc County , Ripley , Saltillo , Sherman , Starkville , Tennessee Valley Authority , Tupelo , Union County , Verona , West Point , economy , general business 10 Comments

From djournal.com:

The 8.6 million customers of the Tennessee Valley Authority can expect fuel adjustment cost rate increases of 17 percent beginning Oct. 1, the Chattanooga Times Free Press (full story) reported in its Tuesday editions. The figure was confirmed by business community sources briefed earlier by TVA.

The report confirms a prediction of a double-digit increase, the largest single increase in TVA’s 75-year history, made earlier by the seven-state public utility’s executives. The increase is expected to increase average monthly bills about $15.

However, TVA’s governing board, meeting Wednesday in Knoxville, may also raise the base-line rate, which could further increase monthly bills. The rate changes are driven by soaring costs for natural gas and coal which produce the largest amount of TVA’s electricity, and a region wide drought, which has stifled its hydro-electric generating program.

Read full details in the Daily Journal’s Wednesday and Thursday editions.

Wednesday update from djournal.com:

TVA’s board of directors on Wednesday morning approved a 17 percent fuel cost adjustment rate increase for all customers and a 3 percent base rate increase, both effective Oct. 1.

The total 20 percent rate increase is among the largest in TVA’s 75-year history.

Read more in Thursday’s Daily Journal.

Fire heavily damages furniture plant

Published February 13, 2008 Ecru , Furniture industry , Northeast Mississippi , Pontotoc , Pontotoc County , general business , manufacturing 6 Comments

By now, you’ve probably heard about last night’s demise of the American Furniture Manufacturing facility in Pontotoc County.

Reports are that a fire started in the warehouse portion of the plant around 5:30 p.m. and quickly spread, destroying the offices and Plant No. 1. You can read the story from today’s paper here. For pictures, click here.

Dennis left bright and early this morning to see what’s left of the plant and what’s going to happen to the 1,100 employees. Stay tuned for updates.

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