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Meldungen 28.01.2004

28.1.2004: Meldung: Steelcase sacks 770 employees

Steelcase Inc. announced further actions as part of its ongoing restructuring effort in North America. The company will close its wood furniture manufacturing plants in New Paris, Indiana and Fletcher, North Carolina, which employ 160 and 480 people respectively. Most of the production from these two facilities will move to the company"s Leed certified and most advanced wood manufacturing facility located in Grand Rapids, Michigan. These actions will be complete in the next six to twelve months and reduce 1,000,000 square feet of manufacturing space.

 

In addition to the 640 positions eliminated from these plant closings, the company is reducing approximately 130 salaried positions in North America. At the same time, the company expects to create 150 new manufacturing jobs at its Grand Rapids wood manufacturing facility subject to the successful resolution of negotiations with the state of Michigan.

 

The restructuring charges provided in the company"s most recent earnings release outlook anticipated these actions. They are part of the company"s ongoing multi-year restructuring effort aimed at improving profitability and ensuring the company"s competitiveness in the future. Other current initiatives such as the rationalization of underutilized facilities, lean manufacturing and strategic sourcing are ongoing. "The changes we are making now are an evolution of a process that has been in progress for some time and ones we believe will ultimately make Steelcase North America more efficient and profitable," said Frank Merlotti Jr., president Steelcase North America. "Actions such as these are never easy, but are a reflection of the need to make strategic changes in the way we operate our North America business moving forward."

 

About Steelcase Inc.

Steelcase Inc., a Fortune 500 company, helps individuals and organizations around the world to work more effectively by providing knowledge, products and services that enable customers and their consultants to create work environments that integrate architecture, furniture and technology. Founded in 1912 and headquartered in Grand Rapids, Michigan, the company has led the global office furniture industry in sales every year since 1974. Its product portfolio includes interior architectural products, furniture systems, technology products, seating, lighting, storage and related products and services. Fiscal 2003 revenue was approximately $2.6 billion. Steelcase Inc. and its subsidiaries have dealers in more than 900 locations, manufacturing facilities in over 50 locations and approximately 15,000 employees around the world. The company"s Class A Common Stock trades on the NYSE under the symbol SCS.

 

For more information contact:

 

Steelcase Inc.

P.O. Box 1967

CH-3W-12

Grand Rapids, MI 49508

616-246-4700

Fax: 616-246-4040

 

Source: Steelcase Inc.

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