WITN  | Greenville, NC  | News, Weather, Sports

Pillowtex Settlement

After waiting nearly three years, former Pillowtex workers soon might get money from the company's bankruptcy case to settle employment claims at the defunct textile plant. About 58-hundred former employees received ballots recently to vote on a proposed deal to settle claims for unionized workers. The deal must be approved by a federal bankruptcy judge and 80 percent of the workers eligible for the payments. There is a scheduled hearing on employment cases April 20th and a hearing May Eleventh on the company's reorganization plans. Pillowtex will pay about 13-point-five million dollars for the settlement, which covers about 24-and-a-half days of pay. The company has a pool of 50 million dollars to pay debts. The company closed suddenly in July 2003 and put more than 76-hundred people out of jobs in the largest mass layoff in state history.


WITN

275 E. Arlington Blvd. Greenville, NC 27858 252-439-7777
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 2561921