Archive for February, 2009
February 10th, 2009 at 07:48am
Under Furniture News
It’s official, the Steelcase layoff’s that many have feared for months have became a reality. Employees who had been notified by letters from the company of the possibility of layoffs will be losing their jobs.
But, layoffs aren’t the only changes the company plans to make, it will also beging reducing pay rates of both employees and executives. And, changes will be made to the companies retirement plan as well. The plan will be modified to suspend the companies matching contributions.
Beginning in March, all of Steelcase North American salaried workers will be hit with a 5 percent pay reduction, executive employees will lose 10 percent of their normal rate of pay and even the companies CEO will be taking home 12 percent less money!
Steelcase had notified 600 workers of the impending work force cut backs, but says that only around half of those will definitely be laid off. However, the remaining workers are still in danger of losing their jobs at a later date.
The majority of the employees effected by the cuts live in the West Michigan area. The company is expecting that these drastic measures will save them from $25 to $30 million pre-tax dollars.
By MCC
February 8th, 2009 at 10:07pm
Under Furniture News
Furniture salespeople will soon be able to place customer orders using a voice recognition system. The new software is an upgrade from Custom Software Design and will be introduced at the Retailer Resource Center.
The now software will be great for employees that can’t type, orders can be placed by just saying a few words! The software program will be easy to use just requiring a Bluetooth microphone.
Custom Software Design has been serving businesses since 1991. They provide complete retail systems that can operate everything from layaways, automatic inventory reductions and bar codes and price tags.
The company also offers software to monitor the entire delivery process.
By MCC
February 6th, 2009 at 10:31pm
Under Furniture News
Serta mattress company and the Trump Organization have recently announced they’re becoming partners. Serta will be manufacturing an exclusive mattress collection that will be included in the Trump Home Collection. Trump Home includes furniture, room decor, lighting and floor fashions.
Trump Home hails it’s products as a way for consumers to incorporate the style and luxury of the Trump lifestyle into their own private homes at an affordable price. The Serta mattresses will be designed to provide a luxurious, restful sleep and at the same time, provide high quality and sophistication.
By MCC
February 4th, 2009 at 10:28pm
Under Furniture News
Resort Interiors, a upscale furniture store that has been serving the Florida area for 14 years, has announced it will be closing it’s doors for good. The Emerald Coast Magazine, voted the store the “Best Interior Design Firm” in 2005 and the “Best Place To Shop For Furniture” for eight years in a row.
The six to eight week liquidation sale starting on Febuary 13, is being managed by Lynche Sales and is expected to generate around $7 million. The owner said that all of their vendors would be paid, which include Lexington Home Brands, Drexel Heritage, Sealy and Lane.
The company also owns, Resort Ready Rooms, a home furnishings store that they plan to keep open for business as usual. Like many other stores and businesses, Resort Interiors has cited the economic slump as the cause for closing.
By MCC
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