Steelcase to close plants & cut 600 jobs.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 -- Steelcase Inc. announced plans to close several manufacturing facilities in the Grand Rapids area over the next two years. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a release from the office furniture giant, the company anticipates a net reduction of approximately 100 salaried and 500 hourly positions, and approximately 2.6 million square feet of manufacturing space in North America related to these actions. The release also says that "these actions are designed to reduce overhead related to excess capacity and to improve production efficiency. When this plan is fully implemented, annual pre-tax savings are expected to be in the range of $35 million to $45 million." An article in CNN CNN or Cable News Network Subsidiary company of Turner Broadcasting Systems. It was created by Ted Turner in 1980 to present 24-hour live news broadcasts, using satellites to transmit reports from news bureaus around the world. Money states that "while the company said the plant closings are a move to streamline 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. , analysts expressed surprise and said it may be a sign the company is losing market share." |
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