Office furniture maker Steelcase is closing three U.S. facilities as part of a consolidation plan, eliminating 750 jobs.
"We continue to make improvements to our industrial system, which have left us with excess capacity to support current and anticipated future demand," said James P. Hackett, president and CEO. "Actions such as these are never easy, but reflect the need for the organization to be as fit as possible in the highly competitive environment in which we operate. The changes we are making are designed to support our customers with a more flexible and agile industrial model for the future."
The affected facilities are in Markham, Ontario; Grand Prairie, Texas; and Kentwood, Michigan, company spokesperson Jeanine Holquist said. Steelcase expects the consolidation to save approximately $35 million annually.