Weyerhaeuser Co. on Tuesday said it would cut about 1,500 employees, or 6.3% of its global work force, as part of an ongoing plan to scale back operations to focus on timberlands and wood products. Most of the job cuts will take place in Weyerhaeuser’s Federal Way, Wash., headquarters, which currently employs about 2,500 people. The cuts will occur by the end of 2009. In recent months, the company has taken several actions to reduce its size, including the $6 billion sale of its containerboard unit to International Paper Co and combining its fine paper business with Domtar Corp (UFS). More
Sphere: Related Content
-
Categories
-
Archives