This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Boise Cascade to Close Two Idaho Facilities, Cutting 375 Jobs

Boise Cascade (BCC - Get Report) will permanently close its plywood and lumber facility in Emmett, Idaho, and its sawmill in Cascade, Idaho, by the middle of the year because of a decline in federal timber sales.

Roughly 375 jobs, including 275 at the Emmett facility, 80 at the Cascade sawmill and 20 additional forestry and administrative positions, will be eliminated. Boise Cascade's beam facility in Emmett and its RiverBend remanufacturing plant in Horseshoe Bend will continue to operate.

Boise Cascade, an office goods and paper products company, will continue to have more than 1,300 employees in the state of Idaho. The company has about 25,000 workers overall.

Last week, International Paper (IP) said it would close its lumber operations in Passadumkeag and Costigan, Maine, and 263 employees will lose their jobs. International Paper cited poor market conditions and the effects of lumber imports as factors in the closures.

Shares of Boise Cascade gained 25 cents, or 0.8%, to $32.70 in recent New York Stock Exchange trading.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
BCC $37.41 0.00%
AAPL $130.28 0.00%
FB $81.53 0.00%
GOOG $565.06 0.00%
TSLA $218.42 0.00%


DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs