Ethan Allen Plans To Expand Manufacturing In Vermont; Hikes Wages

  • Interior design company Ethan Allen Interiors Inc ETD plans to expand its manufacturing operations in Beecher Falls and Orleans, Vermont.
  • As part of its strategy to recruit strong talent, the company has increased its starting wage to $16.00 an hour and actively recruiting new employees.
  • Ethan said its production in Vermont had significant declines over the years due to many factors, including the labor shortage and the escalation of manufacturing costs.
  • Price Action: ETD shares closed higher by 4.08% at $25.74 on Monday.
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