Arauco Announces Layoffs At North Carolina Plant
Arauco Panels USA, an American subsidiary of a Chilean plywood manufacturer, is cutting jobs in Chatham County.
That’s according to a WARN filed with the state of North Carolina this month. A WARN – Workforce Adjustment and Retraining Notification – is a filing that is required when a company closes a plant, cuts 500 jobs or eliminates one-third of its local positions. The move, effective Jan. 6, impacts 48 jobs in Moncure, according to the notice.
According to the WARN, the move is a downsizing – not a closure – of its particleboard facility, impacting jobs in a variety of functions, including human resources, finance, production and sales.
“The layoffs are due to a downturn over the last several months in the market,” reads the notice signed by Sally Polen, manager of human resources for Arauco North America. “Although our sales team has been working hard to combat the market conditions by revising pricing strategies and engaging our existing customers while actively seeking new customers, unfortunately, our efforts have not surpassed the market pressures on our volumes.”
The plant has “struggled” to maintain a normal order volume, the notice continues, adding that other measures the company has taken include reduced hours, reduced overtime and overall cuts in spending. Forecasts, the filing reads, show similar volume weakness in 2017.
From the Triangle Business Journal: bizjournals.com.
RELATED ARTICLES
Latest News
TP&EE Sets 2024 Show Dates
Hatton-Brown Expositions LLC announces that the next Timber Processing and Energy Expo (TP&EE) will be held September 25-27, 2024 at the Portland Exposition Center in Portland, Ore. The 2024 show will be the sixth biennial TP&EE to be produced since 2012 by Hatton-Brown Expositions, LLC, an affiliate of Hatton-Brown Publishers, Inc. and of Timber Processing, Panel World and Wood Bioenergy magazines. All of the TP&EEs have been held at the Portland Exposition Center. (The 2020 event was canceled due to…
Roseburg Announces Massive Investment
In a much-anticipated announcement, Roseburg Forest Products revealed in last week its plan to invest $700 million during the next four years to upgrade and expand its manufacturing operations in southern Oregon, including the construction of a MDF facility in Dillard, current site of multiple operations and where the company was founded nearly 90 years ago. The total investment package includes the creation of two new manufacturing plants, and technological improvements and upgrades at existing plants in rural Douglas and Coos counties…
LP Adds New VPs
LP Building Solutions (LP) has announced that Libby Berman has been named Vice President, Chief Tax Officer and Bob Hopkins has been named Vice President, Treasurer. “Bob and Libby have been invaluable contributors to the LP team for many years now,” says LP Executive Vice President and Chief Financial Officer Alan Haughie…
Con-Vey Promotes Joe Buck To Product Manager
Con-Vey has announced the promotion of Joe Buck from Sales Engineer to Product Manager, having been with the company for nearly four years. In his new role, Buck will lead the strategy development and execution of several products at Con-Vey, including particle board, MDF, and…
Find Us On Social
Newsletter
The monthly Panel World Industry Newsletter reaches over 3,000 who represent primary panel production operations.
Subscribe/Renew
Panel World is delivered six times per year to North American and international professionals, who represent primary panel production operations. Subscriptions are FREE to qualified individuals.
Advertise
Complete the online form so we can direct you to the appropriate Sales Representative. Contact us today!