Worker productivity
Staff -- Home Textiles Today, 8/12/2002
| SALES UP, PROFITS SLIDE: In a clearly focused snapshot of what's going on in the industry, worker productivity, spurred by constant cost-cutting and head-count reduction, improved modestly, to an average $156.20 of sales for every worker from $154.90 in 2000. But with so many companies leaking red ink, income per employee worsened substantially, with the 10 companies in this year's sample reporting an average loss of $40.90 per worker, almost 10 times as steep as the year-before loss of $4.10 per worker. | ||||||
| SALES PER EMPLOYEE | INCOME PER EMPLOYEE | |||||
| Rank by sales | Rank by income | Company | 2001 | 2000 | 2001 | 2000 |
| 1 | 3 | Wellman | $432.5 | $429.5 | $3.4 | $12.6 |
| 2 | 10 | Polymer Group | 201.9 | 200.5 | (61.3) | (1.0) |
| 3 | 9 | Guilford Mills | 144.5 | 137.3 | (36.1) | (3.5) |
| 4 | 7 | Cone Mills | 136.3 | 128.5 | (12.3) | (6.8) |
| 5 | 2 | Quaker Fabric | 120.4 | 122.7 | 3.5 | 4.4 |
| 6 | 4 | WestPoint Stevens | 115.1 | 108.7 | (1.8) | (3.8) |
| 7 | 8 | Pillowtex | 112.1 | 100.7 | (26.0) | (21.7) |
| 8 | 1 | Mohawk Inds. | 109.9 | 141.8 | 6.0 | 6.8 |
| 9 | 6 | Burlington Inds. | 102.5 | 90.5 | (6.6) | (29.4) |
| 10 | 5 | Dan River | 86.4 | 89.7 | (2.9) | 1.5 |
| ( ): Denotes loss Source: Home Textiles Today market research | ||||||
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