IAM walkouts impact multiple Wood Products and
Timberlands sites
SEATTLE, Sept. 13,
2022 /PRNewswire/ -- Weyerhaeuser
Company (NYSE: WY) today announced that as of this morning
a work stoppage involving members of the International Association
of Machinists and Aerospace Workers union is impacting its
operations in Oregon and
Washington. Weyerhaeuser has
approximately 1,200 employees who are members of IAM, including
employees in the company's Wood Products and Timberlands
organizations.
"We have been formally engaged in collective bargaining with IAM
since May, and we have made several offers related to wages and
benefits," says Denise Merle, senior
vice president and chief administration officer for Weyerhaeuser.
"After we presented our final offer, IAM workers at multiple sites
went on strike late last night. While we are very disappointed in
their decision to walk out, we are committed to supporting our
employees and negotiating in good faith with union representatives.
We are prepared to continue discussions to produce a contract that
is beneficial for employees and sustainable for the company across
business cycles."
Weyerhaeuser will continue working closely with customers and
other partners in the region to minimize supply disruptions.
ABOUT WEYERHAEUSER
Weyerhaeuser Company, one of the world's largest private owners
of timberlands, began operations in 1900. We own or control
approximately 11 million acres of timberlands in the U.S. and
manage additional timberlands under long-term licenses in
Canada. We manage these
timberlands on a sustainable basis in compliance with
internationally recognized forestry standards. We are also one of
the largest manufacturers of wood products in America.
Our company is a real estate investment trust. In 2021, we
generated $10.2 billion in net sales
and employed approximately 9,200 people who serve customers
worldwide. Our common stock trades on the New York Stock Exchange
under the symbol WY. Learn more
at www.weyerhaeuser.com.
For more information contact:
Analysts –
Andy Taylor, 206-539-3907
Media – Nancy Thompson,
919-861-0342
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SOURCE Weyerhaeuser Company