American Apparel to Cut Hours at Los Angeles Factory -NY Post

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American Apparel Inc.
APP
is planning to sharply reduce hours at its Los Angeles factory as a money-saving tactic, reports the
New York Post
. The slowdown could result in layoffs lasting weeks for thousands of the retailers garment workers, according to sources. On Sunday, the
Wall Street Journal
reported that Hedge fund Lion Capital sent a letter to American Apparel's Board of Directors on Sunday, requesting the retailer consider strategic options, including a potential sale. http://nypost.com/2014/12/29/cash-strapped-american-apparel-to-slash-factory-hours/
Posted In: NewsWall Street JournalRumorsAsset SalesManagementM&AMediaNY Post
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