The present invention is directed to processes for the manufacture of multifilament yarn, including the steps of extruding multifilaments of a polymer containing at least mole 85 percent L-lactide and not more than 15 mole percent glycolide, spinning the extruded multifilaments to form a spun yarn, passing the spun multifilament yarn through an orientation roll heated at a temperature of less than 98null C. and drawing the spun multifilament yarn to a draw ratio of at least 4:1 to form an oriented multifilament fiber, annealing the oriented multifilament yarn at a temperature greater than that of the orientation roll, and redrawing the annealed, oriented multifilament yarn by at least 10 percent at a temperature lower than the temperature of annealing.