Columbia Sportswear Announces Plant Closing, Intent to Consolidate Domestic Operations on West Coast.PORTLAND, Ore.--(BUSINESS WIRE)--Sept. 30, 1999-- Columbia Sportswear Columbia Sportswear Company NASDAQ: COLM is a United States company that manufactures and distributes outerwear and sportswear. Founded in 1938 by the late Paul Lamfrom, father of present chairperson Gert Boyle, the company is headquartered in Portland, Oregon. Company(R) (Nasdaq:COLM COLM Column COLM Colorado National Monument (US National Park Service) COLM Committee On Lay Ministry ) announced today that it will close its manufacturing and distribution facility in Chaffee, Missouri Chaffee is a city in Scott County, Missouri, United States. The population was 3,044 at the 2000 census. Geography Chaffee is located at (37.179706, -89.659353)GR1. in a strategic move to concentrate on its core competencies, reduce costs and enhance operating efficiencies. The Company anticipates recording a one-time, pre-tax charge in the third quarter of approximately $1.5 million for costs associated with the plant closing. "This move enables us to fully focus on our key areas of expertise, including product design, marketing and outside sourcing," said Tim Boyle Tim Boyle (born January 28, 1984) is an Australian rules football player, playing forward with the Hawthorn Hawks of the Australian Football League. His career has been plagued by injuries. , Columbia's President and Chief Executive Officer. "The factory in Chaffee is the only manufacturing operation that Columbia owns, and it represents a very small percentage of our total production. Strategically, it doesn't make sense for us to maintain this function in the Midwest. Our existing staff, in addition to the technology and proximity of our Portland-based distribution center, means that we can consolidate many of the functions performed in Chaffee here on the West Coast." The plant, which employs 185 people, is used to manufacture and distribute headwear head·wear n. A hat or other covering for the head. and fleece apparel for Columbia Sportswear. "The human element involved makes decisions like this very difficult," said Boyle. "We regret the displacement of our valued Chaffee employees, and will make every effort to ensure they receive unemployment assistance and job counseling in addition to their severance pay Severance Pay Compensation that an employer gives to someone who is about to lose their job. Notes: Severance pay is not always paid to employees. It depends on the situation in which the employee is losing their job and whether legislation requires severance to be paid. ." Columbia will continue to operate the plant through Spring 2000. Founded in 1938 in Portland, Oregon, Columbia Sportswear Company is a global leader in the design, manufacture, marketing and distribution of active outdoor apparel and footwear. As one of the largest outerwear manufacturers in the world and the leading seller of skiwear ski·wear n. Clothing appropriate for various types of skiing. in the United States, the Company has developed an international reputation by expanding its product line, emphasizing quality, performance, functionality and value. |
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