Herman Miller implements cost-cutting measures
Friday, 03 April, 2020
ZEELAND, Mich. — A major office furniture maker is taking “a set of actions” to reduce its costs.
The moves by Herman Miller are in response to the “uncertain economic outlook” amid the coronavirus pandemic, according to the company today.
Herman Miller said it is reducing “cash compensation” for the majority of its salaried workforce by 10%.
Herman Miller Makes Temporary Business Adjustments in Response to Impact of COVID-19
Friday, 03 April, 2020
/PRNewswire/ — Herman Miller, Inc. (NASDAQ: MLHR), the global designer and furniture manufacturer, announced today a set of actions throughout its global operations in response to the uncertain economic outlook resulting from the COVID-19 pandemic.
“Since the onset of the COVID-19 pandemic, we’ve been carefully considering the right things to do for our people and our company to ensure we have both a healthy employee base and business when we emerge from these uncertain times,” said Andi Owen, President and CEO of Herman Miller. “Just as we entered this crisis in a strong financial position, we are taking immediate actions to reduce expenses and manage liquidity so we can maintain strong financial footing on the other side of it.”
Herman Miller production to include medical protective equipment
Wednesday, 1 April, 2020
HOLLAND — Herman Miller is responding to the shelter-in-place and similar government orders at its headquarters in Zeeland and various locations around the world.
Gov. Gretchen Whitmer’s stay-home executive order requires non-essential businesses to close for three weeks until April 13.
Starting Monday, March 30, Herman Miller announced in a press release it anticipated bringing back as much as 30 percent of its manufacturing employees to help support customers who are “actively engaged in the COVID-10 response.”
Gabriel A/S completes the acquisition of Visiotex GmbH
Friday, 20 December, 2019
Gabriel A/S has today acquired 100% of the share capital of the German fabric-solution manufacturer Visiotex GmbH. The price for the shares is agreed at EUR 0.5 million in cash. In addition hereto bank debt of approx. EUR 2.0 million is taken over.
Visiotex is recognised within the furniture industry for innovative fabric solutions. The patented Wovenit-technology makes it possible, in one process, to design and produce fabric-solutions with built-in functionality without subsequent cutting and sewing.
Steelcase Announces Appointment of Catherine “Triona” Schmelter to Board of Directors
Tuesday, 17 December, 2020
Steelcase today announced Catherine “Triona” C.B. Schmelter has been appointed to its board of directors. Ms. Schmelter is President, Meal Solutions of TreeHouse Foods, Inc., a $4.3B Fortune 500 manufacturer of packaged foods and beverages.
Microsoft, Steelcase Deliver Huddle Rooms on Wheels with Surface Hub 2S
Wednesday, 28 June, 2019
Microsoft has begun shipping the new Surface Hub 2S, its video conferencing digital whiteboard platform that aims to address the emerging desire among customers to create mobile huddle rooms on the fly. Introduced earlier this year, Microsoft has partnered with office furniture maker Steelcase to develop a custom cart on wheels optimized to move and create ad hoc video conferences.
Inscape Announces Fiscal Year 2019 Fourth Quarter Results
Thursday, 27 June, 2019
Inscape (TSX: INQ), a leading designer and manufacturer of furnishings for the workplace, today announced its fourth quarter financial results ended April 30, 2019. Sales in the fourth quarter of fiscal year 2019 were $18.6 million, an increase of 7.7% compared to the same quarter of the prior year on a comparable basis when excluding prior year sales from an exited business unit. Including prior year sales from the exited business unit, sales were down 13.4% compared to the same quarter of the prior year. Sales for fiscal year 2019 were 9.2% higher than the prior year sales excluding an exited business unit.
Herman Miller leaving Mart for Fulton Market
Tuesday, 11 June, 2019
After 80 years at the riverfront giant, the furniture company is moving its showroom to a new development in the trendy corridor.
Herman Miller, which opened its first Mart showroom in 1939, leased an entire mixed-use development planned at 1100 W. Fulton Market, where it will move late next year, the company confirmed.
Steelcase to add 400 workers, 600,000-sq-ft of production space
Thursday, 6 June 2019
CARROLLTON, Texas – Office furniture giant Steelcase, number 2 on the FDMC 300 list of largest wood firms in North America, will hire nearly 400 seasonal workers for new operations in Texas.
Steelcase is hoping to grow its footprint in Northern Texas and has purchased two industrial buildings in the area – adding more than 600,000 square feet of production space. The company will use the buildings for manufacturing and distributing beginning this summer.
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