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
States Industries, Biele Group Collaborate In Eugene
States Industries LLC, Eugene, Ore., and the handling equipment machinery company, Biele Group, have successfully implemented their first project collaboration consisting of an automatic line…
PELICE 2022 Provides Breath Of Fresh Air
Everything fell into place at the eighth Panel & Engineered Lumber International Conference & Expo (PELICE) held March 31 to April 1 at the Omni Hotel at CNN Center in Atlanta, Ga. “Two things combined to make this the best PELICE in some years,” comments Rich Donnell, co-chairman of PELICE and editor-in-chief…
Freres Celebrates Centennial Anniversary
Lyons, Ore.-based Freres Lumber Co., now doing business as Freres Engineered Wood, is celebrating its centennial year, marking a century of transformative growth and positive impact on the wood products industry, clients, employees, and its surrounding communities. Freres celebrates this monumental milestone…
FLAMEX Names New President
FLAMEX Inc. announced Tony Thomas as its new President, succeeding Allen Wagoner after 13 years at that post. Thomas has been with the company for almost 32 years and has been serving as Vice President. Ed Pridgen assumes the role as Vice President in addition to his position as MINFOG Product Manager…
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!