SEPTEMBER 25, 2022 — 180 SALARIED POSITIONS AT RISK COMPANYWIDE.
According to Dave Sylvester, SVP and CFO, “In response to inflation and supply chain challenges throughout this year, we have been pulling back on our planned level of incremental spending while staying invested in our most critical strategic initiatives. Due to the recent volume decline in our incoming orders and lower than expected return-to-office trends in the Americas, we are planning to implement additional actions in the third quarter which target further reduction of our planned level of spending.
These actions target approximately $20M of annualized spending and are expected to include the elimination of up to 180 salaried positions across the Americas core business and Corporate functions."
SEPTEMBER 8, 2020 — Original post
Grand Rapids, Michigan-based Steelcase, a producer of office furniture and allied technology products, has announced a reduction in workforce plan that will impact approximately 300 salaried employees. The reduction is a mixture of early retirements, voluntary separations, and involuntary layoffs.
According to Steelcase President and CEO, Jim Keane, “Making these types of permanent reductions to our cost structure is something we hoped to avoid, but they became necessary as demand levels in the Americas have continued to reflect the impact of the COVID-19 pandemic. Throughout this crisis, our customers have sought us out for our research and knowledge, and our employees have served our customers while receiving significantly reduced pay. Our employees have been returning to our offices, where innovation efforts are ongoing and organizational energy is fully behind helping our customers transform their workplaces."
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?