Office furniture giant HNI cuts costs as it ‘prepares for difficult time’

3 November, 2022

MUSCATINE, Iowa – HNI Corp., one of the largest office furniture manufacturers in the world, announced it will cut costs by $30 million as business conditions continue to worsen.

Despite recording a $19.2 million increase in income for the third quarter – much of which being due to the sale of its Chinese furniture business for $51 million – the company expects revenue to decline for the coming quarter by a percentage in the low-teens.



0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *