Boston, Massacusetts-based New Balance, an iconic manufacturer and retailer of footwear and apparel, announced that it is closing it Boston footware manufacturing facility and laying off 63 employees commencing February 5, 2021.
According to a company spokesperson, “New Balance is focused on ensuring our business strategy, operations, and structure are aligned to advance our most critical growth priorities. The COVID-19 pandemic reinforced the need to accelerate our ongoing organizational transformation, which has resulted in a U.S. workforce reduction impacting a small percentage of our U.S. associates.
"We have made the difficult decision to close our Boston Factory in February 2021 as we align expansion of our domestic manufacturing initiatives with our business priorities and global consumer demand. We have fostered a fair and respectful process and will support impacted associates throughout the transition. New Balance remains fully committed to manufacturing athletic footwear in the U.S. with job and production increases planned across our other New England factories, including the opening of a new factory in Methuen, Mass., in summer 2021.”
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?