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
Ligna Looks Ahead To 2023
The next Ligna in Hannover, Germany will be held May 15-19, 2023, following the announcement that the event planned for this September 27 to October 1 has been canceled due COVID-19 concerns. The event was originally scheduled for…
CPA Fall Meeting Location Change
With uncertainty around continued U.S.-Canadian border closures, Composite Panel Assn. has moved the 2021 Fall Meeting to Lansdowne Resort in Leesburg, Va. to be held October 17-19. The meeting originally planned for…
WMF Is A Go
Despite the worldwide pandemic and travel restrictions, Shanghai International Furniture Machinery & Woodworking Machinery Fair (WMF) will be held at the National Exhibition and Convention Center in…
APA Selects New President
Mark Tibbetts has joined the staff of APA—The Engineered Wood Assn. as he transitions to the president position July 1, when Ed Elias retires. Tibbetts was selected by the group’s Board of Trustees through a lengthy search process…
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!