Norcross, Georgia-based WestRock, the nation’s second largest manufacturer of paper and packaging products, has announced that they are optimizing their manufacturing capabilities and closing their 185,000-square-foot Charlotte, North Carolina facility; laying off 170 employees in the process.
The workload will be distributed among other WestRock facilities. As expected, a company spokesperson notes, “The decision was made from an efficiency standpoint. We have capacity in our network that we’re able to consolidate. All employees are strongly encouraged to look at other opportunities within the network.”
In Westrock’s 2018 Third Quarter SEC filing, CEO Steve Voorhees noted “Our WestRock team delivered significant margin and cash flow improvement in the third fiscal quarter, evidence that our strategy, operational performance, and productivity efforts are delivering value for our stockholders. With our productivity performance in the quarter, we achieved our goal of a run rate of more than $1 billion of synergy and performance improvements. We are on track to achieve our financial goals for the year and are well positioned to build on our success in fiscal 2019.”
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