Boise Cascade curtails lumber operations in Chapman, AL

Rhea-AI Summary

Boise Cascade Company (Boise Cascade) (NYSE: BCC) has announced an indefinite curtailment of its lumber production in Chapman, AL, affecting approximately 80 positions. The plywood operations at the Chapman location are not part of the curtailment. Operations will cease on January 28, 2024, due to required future investments and overall profitability challenges. The decision was difficult but necessary after evaluating various factors over the past year.

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• The indefinite curtailment of lumber production in Chapman, AL will result in the loss of approximately 80 positions, impacting the affected employees and their families negatively. The required future investments and overall profitability challenges have led to the difficult decision, indicating potential financial struggles for Boise Cascade Company.

BOISE, Idaho--(BUSINESS WIRE)-- Boise Cascade Company (Boise Cascade) (NYSE: BCC) today announced an indefinite curtailment of its lumber production in Chapman, AL. The curtailment will affect approximately 80 positions. The plywood operations at the Chapman location are not part of the curtailment.

The Worker Adjustment and Retraining Notification (WARN) Act notification was provided to impacted employees and specifies that operations will cease on January 28, 2024.

“The team has worked diligently every day; however, a combination of challenges, including required future investments and overall profitability, has led to this decision,” said Chris Seymour, Senior Vice President of Manufacturing Operations. “It was a difficult and unfortunate decision, but after evaluating a number of factors over the past year, it is not feasible to continue operating at an efficient level.”

“We understand the impact that this shutdown has on our employees and their families,” continued Seymour. “We are communicating about job opportunities within the Company as well as resources that are available to assist them.”

“We will work with our Chapman Lumber customers to manage the transition between now and the eventual curtailment,” said Mike Brown, Executive Vice President, Wood Products. “We continue to focus on growing our engineered wood products business and supporting the remainder of our manufacturing locations.”

About Boise Cascade

Boise Cascade Company is one of the largest producers of engineered wood products and plywood in North America and a leading U.S. wholesale distributor of building products. For more information, please visit our website at www.bc.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231128847316/en/

Media contact: Lisa Tschampl, mediarelations@bc.com

Investor contact: Kelly Hibbs, investor@bc.com

Source: Boise Cascade Company

FAQ

Why has Boise Cascade Company (NYSE: BCC) announced an indefinite curtailment of its lumber production in Chapman, AL?

Boise Cascade Company (NYSE: BCC) has announced the curtailment due to a combination of challenges, including required future investments and overall profitability issues.

When will the operations cease in Chapman, AL according to the announcement?

Operations at the Chapman location will cease on January 28, 2024, as specified in the Worker Adjustment and Retraining Notification (WARN) Act notification.

How many positions will be affected by the curtailment at Boise Cascade Company?

Approximately 80 positions will be affected by the curtailment.

What was the reason given by the Senior Vice President of Manufacturing Operations for the curtailment decision?

The Senior Vice President of Manufacturing Operations, Chris Seymour, cited required future investments and overall profitability challenges as the reasons for the curtailment decision.

What impact will the curtailment have on the plywood operations at the Chapman location?

The plywood operations at the Chapman location are not part of the curtailment and will continue unaffected.

How has Boise Cascade Company addressed the impact of the shutdown on its employees and their families?

Boise Cascade Company acknowledges the impact of the shutdown on its employees and their families, communicating the decision and expressing understanding of the difficulties they will face.

What notification was provided to the impacted employees regarding the curtailment?

The Worker Adjustment and Retraining Notification (WARN) Act notification was provided to the impacted employees, specifying the cessation of operations on January 28, 2024.