World’s largest furniture maker cuts hundreds of jobs amid major restructuring

An 80-year-old family-owned furniture company — which says it is the largest furniture manufacturer in the world — is cutting hundreds of jobs while restructuring a Texas plant.

Earlier this month, Ashley Furniture filed a Worker Adjustment and Retraining Notification (WARN) with the Texas Workforce Commission, indicating that 266 employees will be laid off by May 7, as the company plans to "consolidate" its Mesquite facility.

"Ashley is consolidating manufacturing operations at its Mesquite...