American Apparel to Cut Hours at Los Angeles Factory -NY Post - AppLovin (NASDAQ:APP)

American Apparel Inc.(NYSE: APP) is planning to sharply reduce hours at its Los Angeles factory as a money-saving tactic, reports the New York Post

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. The slowdown could result in layoffs lasting weeks for thousands of the retailers garment workers, according to sources.On Sunday, the Wall Street Journal reported that Hedge fund Lion Capital sent a letter to American Apparel's Board of Directors on Sunday, requesting the retailer consider strategic options, including a potential sale.http://nypost.com/2014/12/29/cash-strapped-american-apparel-to-slash-factory-hours/