Virginia: The Old Dominion

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Georgia-Pacific closes Emporia plywood plant (www.wtvr.com)

submitted 2 months ago by sylver_dragon@lemmy.world to c/virginia@lemmy.world

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Hundreds of employees at the Georgia-Pacific plywood plant in Emporia, Virginia, are losing their jobs after the facility ceased operations immediately on Friday.

The company delivered the news to the plant's just over 550 employees during a series of meetings Friday morning and through a letter distributed to workers, according to Rick Kimble, Georgia-Pacific's director of public affairs.

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[–] nokturne213@sopuli.xyz 3 points 2 months ago

Officials blamed a combination of factors, including high home prices and a 30-year low in existing home sales, for the closure.

"It's really a combination of several things, mostly surrounding how plywood is used in the market. Plywood is heavily used, as you probably know, in the house construction and remodeling business," Kimble explained. "So plywood right now is unfortunately just at a very low point in the market."

[–] Pistcow@lemm.ee 1 points 2 months ago

Womp Womp