Advertisement
YOU ARE HERE: LAT HomeCollectionsVirco Manufacturing Co
IN THE NEWS

Virco Manufacturing Co

FEATURED ARTICLES
CALIFORNIA | LOCAL
October 19, 1989
A Los Angeles firm on Wednesday pleaded no contest to felony charges stemming from illegally dumped toxic wastes and was fined $350,000, believed to be the second highest such penalty in the county's history. Virco Manufacturing Co. was accused of dumping hazardous acidic and heavy metal wastes into the city's sewer systems, said David Guthman, who heads the environmental crimes division in the district attorney's office.
ARTICLES BY DATE
BUSINESS
September 17, 2003 | From Bloomberg News
Virco Manufacturing Corp., which makes classroom furniture, said it cut 160 employees in early September and would suspend cash dividends to reduce costs as orders from school districts fall. The Torrance company had a net loss of $8.3 million, or 63 cents a share, in the fiscal second quarter ended July 31, contrasted with net income of $4.3 million, or 32 cents, a year earlier. Sales fell more than 20% to $65.9 million from $83.2 million.
Advertisement
BUSINESS
September 17, 2003 | From Bloomberg News
Virco Manufacturing Corp., which makes classroom furniture, said it cut 160 employees in early September and would suspend cash dividends to reduce costs as orders from school districts fall. The Torrance company had a net loss of $8.3 million, or 63 cents a share, in the fiscal second quarter ended July 31, contrasted with net income of $4.3 million, or 32 cents, a year earlier. Sales fell more than 20% to $65.9 million from $83.2 million.
BUSINESS
July 19, 2003 | From Bloomberg News
Virco Manufacturing Corp., a Torrance manufacturer of furniture for schools, is cutting 485 jobs, or a quarter of its workforce, as weak orders for its products hurt sales. The job cuts are voluntary, and workers will be offered six months' pay as part of their severance packages, Virco said. "We're not closing operations and not curtailing any product lines," said Robert Virtue, Virco's chairman, president and chief executive.
BUSINESS
July 19, 2003 | From Bloomberg News
Virco Manufacturing Corp., a Torrance manufacturer of furniture for schools, is cutting 485 jobs, or a quarter of its workforce, as weak orders for its products hurt sales. The job cuts are voluntary, and workers will be offered six months' pay as part of their severance packages, Virco said. "We're not closing operations and not curtailing any product lines," said Robert Virtue, Virco's chairman, president and chief executive.
CALIFORNIA | LOCAL
October 19, 1989
A Los Angeles firm on Wednesday pleaded no contest to felony charges stemming from illegally dumped toxic wastes and was fined $350,000, believed to be the second highest such penalty in the county's history. Virco Manufacturing Co. was accused of dumping hazardous acidic and heavy metal wastes into the city's sewer systems, said David Guthman, who heads the environmental crimes division in the district attorney's office.
Los Angeles Times Articles
|