August 22, 2001 |
Steelcase Inc. said it plans to cut 900 to 1,110 jobs, about 5% of its work force, because of a sluggish economy and a weak furniture market. The nation's No. 1 office furniture maker also said its second-quarter earnings will be below expectations. In the next 90 days, the Grand Rapids, Mich.-based company will lay off 600 to 700 hourly employees and eliminate 300 to 400 salaried positions in the company's North American operations. On the NYSE, Steelcase shares fell 18 cents to $13.80.
August 28, 2001 |
Steelcase Inc., the nation's biggest office furniture maker, said it is buying PolyVision Corp., maker of visual communication products, for about $73 million, or $2.25 a share. Grand Rapids, Mich.-based Steelcase also would assume about $103 million in the debt. The deal would expand the variety of communications products Steelcase offers and set the stage for the development of visual technology that complements office architecture and furniture. PolyVision, based in Norcross, Ga.
December 31, 1996 |
Haworth Inc. said it received a $211.5-million payment for a patent infringement award against Steelcase Inc., ending a 17-year battle between the two office furniture giants over pre-wired office panels. Grand Rapids, Mich.-based Steelcase, the world's largest office furniture maker, reportedly paid Holland, Mich.-based Haworth $96.8 million in damages and $114.7 million in interest. The two privately held companies began warring over the issue in 1979.
February 20, 1992 |
Los Angeles County authorities filed an antitrust suit Wednesday charging office furnishings giant Steelcase Inc. with price fixing. A spokeswoman at the company's Grand Rapids, Mich., headquarters said company officials had not seen the suit and would have no comment. Steelcase, which sells about $1.8 billion worth of office equipment worldwide each year, employs about 1,000 people at its million-square-foot West Coast manufacturing plant in Tustin.
CALIFORNIA | LOCAL
September 29, 1989
Two Orange County ride-sharing programs have won the 1989 Governor's Transportation Awards, state and county officials said this week. Steelcase Inc. of Tustin was honored for its ride-sharing incentives, which include a guaranteed return trip for any employee who misses a car-pool ride for any reason, a $15 monthly pay bonus, preferred parking, and free beverage upon arrival at work.
CALIFORNIA | LOCAL
July 12, 1986
10 Workers Arrested: Ten employees of Steelcase Inc. were arrested Friday morning as they arrived for work on suspicion of selling cocaine and marijuana, Tustin police said. A small amount of narcotics, believed to be cocaine, was seized at the time of the 8 a.m. arrests, which followed a yearlong undercover police investigation, Detective Bill Fisher said. Steelcase Inc. cooperated with police during the investigation, he said.