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Leggett & Platt
component maker lays
Bedding component manufacturing
giant Leggett & Platt will lay off 172
employees at its facility in Linwood,
N.C. in an effort to consolidate
Recent quarters have been tough
on the company, president and CEO
Karl Glassman said in a press release.
“The Fashion Bed and Home
Furniture businesses have underper-
formed expectations in recent quar-
ters, primarily from weaker demand
and higher raw material costs,” said
Glassman. “An in-depth analysis of
these businesses was conducted, and
we are exiting low margin business,
nating excess capacity.”
The layoffs are almost entirely
in production, including machine
operators, welders, assemblers, and
painters. The affected employees will
be let go by April. Leggett & Platt says
it will assist laid-off employees with
job search aid and if necessary, see
that they get federal assistance.
Leggett & Platt is a leading U.S.
manufacturer of bedding and home
furniture components. – R.D.