In 1997, the original mill was purchased one last time. Sales began to slide and the mill appeared to be in trouble as the new company was losing money. A major retailer was the largest buyer of the mills products and encouraged them to move its operations overseas in order to save money, but the owners refused. Competitors, using overseas production, were able to undercut prices, resulting in their main customer turning to its competitors. By November of 2000 the company was in serious trouble and filed for Chapter 11 Bankruptcy protection. Although the company was able to briefly come out of bankruptcy in 2002, they were unable to produce a profit. In July 2003, the company announced complete bankruptcy. Overnight, 7,650 people became unemployed. This was the largest permanent layoff in North Carolina history. As part of the bankruptcy, the company's assets were to be sold to a joint venture of four liquidation companies.
Kannapolis Mill/wikipedia
N 35 30.211 W 080 37.ABC
How many of the 7,650 employees that lost their jobs in this bankruptcy were from the Kannapolis mill?
A. 1,500 = (927)
B. 2,350 = (635)
C. 3,420 = (700)
D. 4,340 = (548)
