I've written about my weak consumer moment with quickly purchased Hanes underwear before. Now Hanes plans to lay off 5,300 workers in four countries to shift manufacturing to countries with cheaper labor:
Most of the job cuts - 4,700 positions - will come at plants in the Dominican Republic and Mexico, though several hundred employees in the United States and Canada also will lose their jobs. The company said it would cut about 350 management and administrative positions worldwide - 90 percent of which are in the United States.Note that even Mexico and the Dominican Republic don't qualify as cheap enough labor. I bet you know where Hanes is moving to.