Business · Companies · 3 hrs ago

Fantastic Furniture to close its final Australian factory

Fantastic Furniture to close its final Australian factory

Fantastic Furniture will close its last Australian factory on Friday, ending lounge production at its Fairfield East site in Sydney's south-west.

The change affects 100 staff who work at the factory.

The site makes one-quarter of the retailer's lounge range and about 6 per cent of its total stock.

Fantastic Furniture says it is switching to overseas suppliers in China and Vietnam to help keep the business financially sustainable.

The company says it will support affected staff through retraining, possible redeployment, employee assistance and outplacement services.

The closure means all Fantastic Furniture stock will be made offshore.

The move has renewed calls for fairer import duties and more support for Australian manufacturers, but no further action is specified.

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What people are saying

Fantastic Furniture spokesmanCompany spokesman
Moving to a global supply model supports the long-term commercial sustainability of our business and gives us the flexibility to continue investing in new, fresh product ranges for Australian customers
via The Australian
Our immediate focus is our people. We recognise the outstanding contribution our manufacturing team has made over many years and remain committed to supporting them through this transition, including retraining and redeployment opportunities, our employee assistance program, and outplacement services where applicable.
via The Australian
Michael FordGreenlit Brands non-executive chair
We are really pleased with this outcome for the Fantastic Furniture business and its people, as they are joining a group with a strong track record in building and enhancing retail businesses that are already successful
via Daily Mail