Saint Paul, Minnesota-based H.B. Fuller Company, a manufacturer of industrial adhesives, has announced an operational restructuring and cost reduction plan.
Approximately 300 employees will be laid off.
According to a company spokesperson, "Consistent with our strategic focus of continuously improving operational efficiency, we are implementing prudent and decisive actions to align our cost structure with lower volume expectations for 2023."
Celeste Mastin, H.B. Fuller's new president and chief executive, noted, "Despite challenging demand conditions, particularly in Construction Adhesives, our team executed exceptionally well to deliver solid first quarter results that were in line with our expectations."
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. We see good people being laid off through no fault of their own. 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?