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WINSTON-SALEM, N.C. --
Hanesbrands is shutting down operations at a North Carolina hosiery plant that employs 240 people.
Multiple media outlets reported Tuesday that the Winston-Salem company is shutting down its Hanes Mill Road plant because of steady drops in sheer-hosiery demand.
The company says changing fashion tastes and workplace dress codes have slowed sheer hosiery production to the point that it's no longer feasible to run the plant.
The company's sheer hosiery sales fell 14 percent last year and are down another 18 percent so far for 2009.
The company said 80 of the 240 employees will be reassigned to another plant while the remaining 160 will be laid off.
Hanesbrands' share price was down 3.19 percent to $22.76 per share at noon.
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