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Factory man : how one furniture maker battled offshoring, stayed local--and helped save an American town / Beth Macy.

Lippincott Library HD9773.U74 V38 2014
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Format:
Book
Author/Creator:
Macy, Beth, author.
Language:
English
Subjects (All):
Vaughan-Bassett Furniture Company.
Furniture industry and trade--United States.
Furniture industry and trade.
Dumping (International trade).
Bedroom furniture industry.
United States.
Bassett, John.
Bassett, John D., III, 1937-.
Bassett, John D.
Bassett Furniture Industries.
Furniture industry and trade--Foreign ownership.
Bedroom furniture industry--United States.
Offshore outsourcing.
Dumping (International trade)--United States.
Globalization.
Galax (Va.)--Economic conditions.
Galax (Va.).
Physical Description:
x, 451 pages : illustrations ; 25 cm
Edition:
First edition.
Place of Publication:
New York : Little, Brown and Company, 2014.
Summary:
Describes how the chairman of Vaughan-Bassett Furniture fought for his more than seven hundred employees in a small Virginia town using legal maneuvers, factory efficiencies, and his wits and determination in the wake of sales losses to cheap Asian furniture imports.
"The Bassett Furniture Company was once the world's biggest wood furniture manufacturer. Run by the same powerful Virginia family for generations, it was also the center of life in Bassett, Virginia. But beginning in the 1980s, the first waves of Asian competition hit, and ultimately Bassett was forced to send its production overseas. One man fought back: John Bassett III, a shrewd and determined third-generation factory man, now chairman of Vaughan-Bassett Furniture Co, which employs more than 700 Virginians and has sales of more than $90 million. In Factory Man, Beth Macy brings to life Bassett's deeply personal furniture and family story, along with a host of characters from an industry that was as cutthroat as it was colorful. As she shows how he uses legal maneuvers, factory efficiencies, and sheer grit and cunning to save hundreds of jobs, she also reveals the truth about modern industry in America." -- Publisher's description.
Contents:
Prologue: The dusty road to Dalian
The tipoff
The original outsourcer
The town the Daddy Rabbits built
Hilltop hierarchy
The cousin company
Company man
Lineage and love
Navigating the new landscape
Sweet Ole Bob (SOB)
The Mount Airy ploy
The family elbow
Schooling the Chinese
Bird-doggin' the backwaters
Selling the masses
The storm before the tsunami
Trouble in the 'Ville
Stretching out the snake
The Dalian dance card
Gathering the troops
Mr. Bassett goes to Washington
Factory requiem
Million-dollar backlash
Copper wires and pink slips
Shakedown street
Mud turtle
The replacements
"Sheila, get me the Governor!"
The Smith River twitch
Appendix. A Virginia furniture dynasty.
Notes:
Includes bibliographical references (pages 415-442) and index.
Local Notes:
Athenaeum copy: Gift of the Rev. J. Michael Pulsifer.
ISBN:
0316231436
9780316231435
OCLC:
862790783
Publisher Number:
99959088941

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