"This decision was necessary for the long term and is not a reflection on the hard work and commitment of the people involved in this operation," Wininger said. "Our first priority is supporting the people who will be affected by this decision."
The company will meet with union officials representing employees to discuss transition benefits.
Weyerhaeuser Company, one of the world's largest forest products companies, was incorporated in 1900. In 2008, sales were $8 billion. It has offices or operations in 10 countries, with customers worldwide. Weyerhaeuser is principally engaged in the growing and harvesting of timber; the manufacture, distribution and sale of forest products; and real estate construction and development.
Source: Weyerhaeuser Company