Worthington to Cut Costs with Plant Closings, Layoffs

December 2008
Metal Center News;Dec2008, Vol. 48 Issue 13, p16
Trade Publication
The article reports on the consideration of Columbus, Ohio-based Worthington Industries Inc. to reduce its workforce by nearly 300. It will close its steel processing facility in Kentucky and its metal framing operation in Washington. This move is a continuation of the company's broad-based cost cutting and transformational effort. Chief executive officer John P. McConnell states that given the difficult economic conditions, it is critical for the company to control costs and manage its balance sheet.


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