Benjamin Moore to Close, Convert Facilities in North American Restructuring Program
Benjamin Moore announced a restructuring program for the company’s U.S. and Canadian operations.
MONTVALE, NJ — Benjamin Moore & Co. announced a restructuring program for the company’s U.S. and Canadian operations, a plan that includes the closing of three manufacturing facilities and one distribution center, and the conversion of four facilities from manufacturing to distribution operations. Three other distribution centers will move to larger facilities, the company said.
The moves could result in a work-force reduction of approximately 300 people, and will cut the number of manufacturing facilities nearly in half, from 15 to eight. The work-force reductions will be implemented in part with an early retirement program, while a “generous severance package” is being offered to other affected employees, said President and COO Yvan Dupuy. Employees also will have the opportunity to apply for other positions and relocate to another company facility, Dupuy said.