FORT SMITH, AK – Riverside Furniture Corp. announced it will lay off approximately 250 employees once consolidation of two plant operations is complete Jan. 12, according to the Times Record.
A news release from the company said its workforce reduction is in “response to the sharp decline in furniture sales as a result of the global financial crisis of the last few weeks.”
The combining of the company’s plant 2 and plant 6 into a single operation will require the elimination of positions in manufacturing, administration, sales and marketing and all support plants, including Riverside’s rough mill and dimension plant in Russellville.
Have something to say? Share your thoughts with us in the comments below.