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BASF To Close Yarn Plant, Cut 315 Jobs

June 14, 1994

MORRISTOWN, Tenn. (AP) _ BASF Corp. will close a nylon yarn and carpet fibers plant in Tennessee by mid-August, laying off 315 people.

The Charlotte, N.C.-based company announced the shutdown Monday, saying the Hamblen County plant hadn’t shown a profit in several years.

Salaried employees will get a severance package based on years of service, BASF said.

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