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.