La-Z-Boy Cuts Workforce as Part of its Business Realignment
MONROE, MI — La-Z-Boy Inc. says it will reduce its global workforce by about 10 percent, or approximately 850 employees, across its manufacturing, retail and corporate locations, including the closure of its Newton, MS, upholstery manufacturing facility. Production will be shifted to available capacity at the company’s Dayton, TN, Neosho, MO, and Siloam Springs, AR, plants. These changes are expected to leverage efficiencies across the business, improve competitiveness and position the company to drive long-term value for all stakeholders.
The company’s Newton upholstery plant, built in 1960, employs about 300 people, accounts for approximately 10 percent of the La-Z-Boy branded business total upholstery production, and manufactures La-Z-Boy recliners, motion sofas and classics (high-leg recliners). The Newton-based integrated internal supply functions will remain in operation. Approximately 170 individuals work across these areas and will remain with the company.