The National Hardwood Lumber Assn. (NHLA) is applauding a U.S. International Trade Commission ruling that clears the way for new trade duties on hardwood and decorative plywood imported from China, Indonesia and Vietnam. On August…
Arauco Announces Layoffs At North Carolina Plant
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
googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548375988914-0'); });
Latest News
NHLA Applauds U.S. Trade Ruling on Hardwood Plywood Imports From China, Indonesia and Vietnam
Wisewoods Adds Second Dieffenbacher Z-Sifter In Thailand
Wisewoods Co. Ltd. has commissioned a second Dieffenbacher Z-Sifter with Dryer Discharge Conveyor (DDC) for optimized material feeding at its medium-density fiberboard (MDF) site in Khao Yoi, Thailand, replacing two conventional sifters in an existing…
West Fraser Second Quarter Earnings Show Mixed Outlook
West Fraser offered a range of outlooks in its second quarter earnings report. It noted that over the medium term, improvements in housing affordability supported by U.S. government policy changes and the expected normalization of…
Latvijas Finieris Considers New Wood-Based Panel Plant In Latvia
Latvijas Finieris continues to proactively evaluate development and investment opportunities that support the company’s sustainable growth and long-term competitiveness. Among the projects currently under consideration is the potential development of a new wood-based panel manufacturing…
Find Us On Social
googletag.cmd.push(function() { googletag.display('div-gpt-ad-1589916740199-0'); });
googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548376916922-0'); });
googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548376961890-0'); });
googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548377005333-0'); });
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!