Regarding the Oklahoma facility, Guichard noted, "Since the Tahlequah Plant was idled in 2009, we have continued to press forward with improvements in our manufacturing value streams. As a result, the effective capacity potential of our remaining four assembly plants has increased to the point that the Tahlequah plant will not be needed in any projected market or volume scenario. Accordingly, we will pursue an orderly sale of the property."In addition to the realignment of the manufacturing network, the Company will adjust the overall retirement program offered to all employees. Changes include freezing the defined benefit pension plans, increasing the Company match within the 401(k) plan, and enhancing the profit sharing plan.
American Woodmark Corporation Announces Capacity Reductions & Cost Savings
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