Steelcase to add
Office furniture giant
Steelcase, number 2 on
the FDMC 300 list of
largest wood firms in North America, will hire nearly 400 seasonal work-
ers for new operations in Texas.
Steelcase is hoping to grow its footprint in Northern Texas and has
purchased two industrial buildings in the area - adding more than
600,000 square feet of production space. The company will use the
buildings for manufacturing and distributing beginning this summer.
“Our company has been on a growth trajectory,” Allan Smith, Steelcase vice president of global marketing, said in a statement. “The location, along with the building’s features, was the perfect choice as we
made this acquisition.”
Steelcase is worth $3.4 billion and employs more than 12,000.
– R.D. bit.ly/2MFvjSt
anticipated tariff hikes,
will hire 500 U.S. workers
One of the leading furniture makers
in the country anticipated the U.S.-China tariff hike - shifting production
and opting to hire 500 U.S. workers.
Williams-Sonoma said it made numerous adjustments after the U.S.
slapped 10 percent tariffs on more than $200 billion worth of Chinese goods.
It moved some furniture production away from China and into Vietnam,
Indonesia and the U.S. That included a new manufacturing facility in Tupelo,
Mississippi where 140 workers have already been hired.
The company will look to strengthen its other two West Coast and East
Coast facilities, hiring 360 additional workers.
“I think that you’re better off preparing for the worst,” CEO Laura Alber
said in a recent one-on-one interview with “Mad Money” host Jim Cramer.
“Unfortunately that pessimism has come true, and we are more prepared.”
Alber said adding U.S. jobs is a good business move, as “the cost from the
freight coming from Asia offsets the costs of the labor.” – R.D. bit.ly/2XBX6UT