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TELL CITY – Swiss Plywood closed its doors this week, falling victim to the nation’s struggling domestic furniture industry and a deepening recession.
Bill Borders, chairman of Swiss Plywood, said Monday he was in the process of notifying approximately 40 employees of the decision. Officials announced in December that the company would halt production by the end of the year unless a buyer could be found.
Another furniture company had considered buying Swiss Plywood but economic conditions prevented the deal from moving forward.
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