Hundreds of Steelcase Employees To Be Let Go, Are Michigan Employees Safe?
Steelcase, one of the largest office furniture manufacturers in the world, based in Grand Rapids, Michigan announced they will lay off hundreds of employees in the U.S. and overseas.
Why Is Steelcase Laying Off Employees?
Steelcase is having to lay off employees due to inflationary pressures and declining orders.
The company has been struggling with supply chain disruptions and rising costs of raw materials which have led to a decrease in demand for its products.
Who Will Be Affected By The Layoffs?
These layoffs will affect both salaried and hourly workers. Roughly 30 employees in Atlanta, Georgia, will be laid off with the closure of a regional distribution center.
Crain’s said about 85 hourly employees and 155 salaried employees in the company’s Asia-Pacific market and roughly 50 salaried employees in France would be terminated.
As of now, it appears that employees in Grand Rapids are in the clear.
When Will The Layoffs Happen?
The layoffs should be complete by the end of the 2024 fiscal year. Most departures are expected to happen by the end of the first quarter of the fiscal year.
What Does Steelcase Make?
Steelcase manufactures furniture, casegoods, seating, and storage and partitioning systems for offices, hospitals, classrooms, and residential interiors.
they have also been manufacturing equipment for healthcare providers in response to the COVID-19 pandemic.
History Of Steelcase
The company was founded in 1912 as The Metal Office Furniture Company by Peter Martin Wege and 11 investors in Grand Rapids, Michigan.