Boise Cascade to Close Two Idaho Facilities, Cutting 375 Jobs
Boise Cascade
(BCC)
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,
TheStreet Recommends
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.
