The forest machine maker and its employee representatives agreed on the measure for a weaker market next year, a year after a similar deal for 2026.
Recursos humanos
Worthington, president of the UFP Packaging segment, succeeds Stanley Elliott, who is leaving the company.
The board set him the tasks of reaching a sustained positive operating cash flow, raising capacity utilization and cutting debt.
Planing, painting and impregnation will continue at the site with lumber from another Holmen mill.
Adjusted operating profit fell to SEK 47 million from SEK 69 million as the overhaul of the Finnish business weighed on sales.
The cuts take effect on January 2 at the mill West Fraser said last week it would idle indefinitely because of weak demand for wood products.
A judge halted the Forest Service relocation plan in mid-October in a lawsuit by federal employee unions. USDA has appealed and says the stay leaves 25 fire management posts and 10 avalanche center lead jobs unfilled.
Construction openings were up 44.7% from a year earlier, against a 4.9% rise for all nonfarm industries.
The mass timber group will move production to three other Austrian sites by year-end, and most of the plant's 40 workers will stay with the company.
Francisco Ruiz-Tagle, who has led CMPC since 2018, will leave on April 30, 2027, and the board has started searching for a successor.
The Finnish maker of plywood and LVL mill equipment, whose third-quarter sales fell 34%, lowered the top of its 2026 forecast for the second time this year.
Former Huber Engineered Woods president brings 30 years of industry experience as board expands to 11 directors.
The second phase covers the sawmill and log yard and is due in the fourth quarter of 2026; output is set to reach about 220 million board feet a year.
The largest North American cabinet maker has started a search for a permanent finance chief as it integrates American Woodmark.
The Reidsville factory opened in 2019; the company said it has more manufacturing capacity than it needs and expects stronger growth elsewhere.
Slower than expected CLT market growth and rising wood costs pressured profitability; about 80 positions are affected.
Company reaffirms 2026 guidance with revenue of $3.1 billion to $3.2 billion and Adjusted EBITDA of $120 million to $150 million.
The company's second mill in New Brunswick, in Atholville, will keep operating.
The order blocks office closures, staff relocations and the planned move of the agency’s headquarters to Salt Lake City while a lawsuit by federal employee unions proceeds.
Current mill manager Johanna Harjula will take over as technical director for lumber production.