LENOIR, N.C. -- Hundreds of people in Lenoir are facing layoffs.

• Heritage Home Group is cutting 700 jobs in Lenoir. 
• The company is based in High Point.
• A time frame for the layoffs hasn't been given. 

High Point-based Heritage Home Group is cutting more than 700 jobs at its upholstery facilities in Lenoir.

“This is a small community. This used to be the furniture capital of the world and now not so much. There are a few decent paying jobs that a few people will be able to absorb, but by and large it’s going to take time,” employee Chuck Gore said.

The company released a statement saying the layoffs come as the company tries to find buyers for its Thomasville and Company and Broyhill businesses.

"Although the Company and its advisors continue to work diligently to identify and negotiate with prospective buyers for our Thomasville & Co. and Broyhill business units, we have not yet been able to reach an agreement with a potential buyer to serve as a stalking horse bidder for those businesses in the timeframe originally anticipated. Based on the delay in the sale process and the uncertainties in our efforts to find a suitable buyer for those businesses, we have provided WARN Act notices to employees at our Lenoir Upholstery and Lenoir Case facilities. This notice does not affect any other employees. Active discussions with potential buyers for these businesses, including the Lenoir facilities, are in progress. We deeply appreciate the dedication of our employees during this period of uncertainty. The previously announced sale of the Luxury business remains on track, and the auction has been set for September 20, 2018." - Robert Albergotti, Chief Restructing Officer 

The company has not given a time frame for the layoffs.