UPDATE: Caye Home Furnishings closing; 600 to lose jobs

By Dennis Seid/NEMS Daily Journal

NEW ALBANY – After several announcements in recent weeks touted additional jobs for the furniture industry, a cold dose of reality hit Tuesday.
New Albany-based Caye Home Furnishings said it was closing its plant within the next 60 days, putting some 600 people out of work.
“While the industry has been making big headlines with expansions and new jobs, the reality is that we’re not out of the woods yet,” said Ken Pruett, president of the Mississippi Furniture Association. “We’ve got a lot of smaller companies who are struggling, and in this case, a well-established company struggling, too.”
The closing of the plant marks the end of an era of sorts. At one time, the facility was the largest upholstered furniture manufacturing plant in the world.
Caye Upholstery LLC acquired the Stratford Co. in 2002. It was the Stratford name that Morris Futorian began producing furniture in New Albany in 1948.

Read more in Tuesday’s NEMS Daily Journal newspaper.