Steelcase To Cut 1,000 Positions.OFFICE FURNITURE MAKER Steelcase Steelcase (NYSE: SCS) is an international office furniture company. It was founded in 1912 in Grand Rapids, Michigan as The Metal Office Furniture Company. The company at the time specialized in mainly file cabinets and safes. Inc. of Grand Rapids Grand Rapids, city (1990 pop. 189,126), seat of Kent co., SW central Mich., on the Grand River; inc. 1850. The second largest city in the state, it is a distribution, wholesale, and industrial center for an area that yields fruit, dairy products, farm produce, , MI, announced on Aug. 2l that it will lay off between 600 and 700 hourly employees and 300 to 400 salaried employees in the company's North American operations North American operation Surgical oncology Radical surgery of a 'frozen pelvis', consisting of radical en bloc resection of the uterus and urinary bladder. See 'Frozen pelvis.'. Cf 'All-American' and 'South American' operations. during the next three months. Steelcase attributes the layoffs to current economic conditions and a sustained furniture industry decline. Earlier this year, the company forecasted a 15 percent drop in revenue. Steelcase expects annual savings from the cutbacks to total $65 million. |
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