Steelcase Closing North Carolina Plant

May 8, 2014
Lead in text: 

Grand Rapids-based office furniture company expects move will save $5-million year when fully implemented

Source: Mibiz

Steelcase Inc. plans to close a production plant in High Point, N.C. within two years and consolidate the work elsewhere. Part of an "ongoing strategy to improve the competitiveness and overall fitness of its business model," the move will cost the Grand Rapids-based Steelcase an estimated $8 million over three fiscal years, split evenly between workforce reductions, production moves and manufacturing consolidations, according to a filing with federal securities regulators.

Read more at: Mibiz