Normal operations to resume with approval of new contract
with IAM
SEATTLE, Oct. 28,
2022 /PRNewswire/ -- Weyerhaeuser
Company (NYSE: WY) today announced the successful
resolution of a work stoppage involving members of the
International Association of Machinists and Aerospace Workers union
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, and the
approval of a new contract will result in the restoration of
operations at all sites.
"We know this has been a difficult process for everyone
involved, and we have appreciated the patience and professionalism
of all parties as we worked through the negotiation," said Devin W.
Stockfish, president and chief executive officer for Weyerhaeuser.
"Our people are what make Weyerhaeuser special, and we are
committed to providing safe, reliable jobs with competitive wages
and benefits that support our employees and their families. We
believe this contract accomplishes those goals, and we are excited
to welcome everyone back and resume normal operations as soon as
possible."
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