Dexter swimwear plant to close in September


Dexter swimwear plant to close in September

DEXTER — A longtime swimwear manufacturer with 21 employees plans to close its doors by mid-September. ABC-I Corp., which makes products for Venus Swimwear at 349 Lakeview Dr., operated at a loss this year due to growing wage costs as minimum wage continues to rise, said General Manager Gretchen L. Young. With minimum wage increasing 70 cents per hour annually in upstate New York until reaching $12.50 per hour by Dec. 31, 2020 and the next jump to $11.10 per hour occurring at end of the year, Mrs. Young said the company could “not turn a profit in New York State.” “The latest round of minimum wage, we ran into the red this year,” she said, adding that another increase would “make it a deeper shade of red.” ABC-I Corp. began operating in the former Venus Manufacturing Corp. plant in 2009 after its parent company, German clothing retailer Bon Prix, purchased Venus, Jacksonville, Fla. Venus had been struggling financially after American Capital Bank withdrew its financing, a move that led to the sale. Several workers from ABC-I worked at the plant when it was still operated by Venus, Mrs. Young said. The general manager spent much of Thursday advising those same workers and other employees on other opportunities for employment. “A lot of people have been here for 27 years,” she said. “That’s a long time to have it come to an end.”
Source: Watertown Daily Times Latest News
Dexter swimwear plant to close in September

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