Sock company saves LWR subsidiary

Published: 6:10AM Tuesday August 18, 2009 Source: ONE News

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  Lane Walker Rudkin - Source: ONE News

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A bailout of a Lane Walker Rudkin subsidiary has saved up to 40 jobs.

Timaru subsidiary Southern Alps Socks has been bought out by sock manufacturer Sock Works.

The takeover comes just a day after Lane Walker Rudkin laid off 42 workers from its Christchurch plant.

The company has suffered 228 redundancies since being placed in receivership earlier this year.

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