EUGENE, OR — States Industries Inc., a manufacturer of decorative wood panel products, on July 23 announced a reduction of staff in response to a weakened market, according to KVAL TV.
The company, which employs 575 people at two facilities in Eugene, OR, and one in Mocksville, NC, will cut 14 percent of its total workforce as part of a plan to bring production levels into balance with current demand. The curtailment in personnel is expected to be permanent, but no further reductions are anticipated.
“Like all wood product manufacturers, we are looking for the best way to survive the low point of this economic cycle and position ourselves for successful operations in the future,” said Diane Montoya, CEO of States Industries Inc. “We recognize the hardship caused in the families and communities affected by this event, and regret that States has no better alternative in these difficult circumstances.”
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