La-Z-Boy to lay off 800 local employees
La-Z-Boy announced on Sunday that they will close all manufacturing operations in the United States. In the area that means nearly 800 employees are out of work.
The company announced its response to the COVID-19 crisis. Temporary closure of its U.S. manufacturing facilities, effective immediately, to be re-evaluated on April 13, 2020
In total, the announcement affects approximately 6,800 employees, or approximately 70% of its global workforce. This after evaluating the accelerating spread of the coronavirus. The Neosho plant and their 800 employees are included in the closing.
Additionally, a salary reduction of 50% for senior management and 25% for salaried employees will be in place until further notice. The board of directors will forego the cash portion of its compensation until further notice as well.