Layoffs loom for Colorado Springs mattress maker

 

Carthage, Mo.-based furniture manufacturer Leggett & Platt Inc. will lay off 64 employees and close its Colorado Springs plant by June 1, according to a layoff notice.

The company is closing the plant, which makes springs for the bedding industry, as part of a consolidation resulting from excess capacity and will begin laying off employees in mid-April, said Michael Altman, Leggett & Platt's director of labor relations.

The shutdown was announced Feb. 5 to give employees at least 60 days notice under the federal Workers' Adjustment and Retraining Act, but the company also is "exploring several sources of outplacement assistance for employees, including job placement services available through various outside agencies," according to a statement from Altman.

"The decision to close this operation is in no way related to the abilities or productivity of the employees at the local facility," the statement said.

The plant at 6275 Lake Shore Drive, southeast of Powers Boulevard and Constitution Avenue, was opened in 1983 by Ohio Mattress Co., which became Sealy Corp. Tempur-Pedic International Inc. acquired Sealy in 2012.

The combined company sold its innerspring component manufacturing operations in 2014 for $48 million to Leggett & Platt, which became Tempur-Sealy's exclusive innerspring supplier in the U.S. and Canada.

Leggett & Platt says it is the nation's largest supplier of bedding components and home furnishings, carpeting underlay, adjustable bed bases, work furniture and components, drawn steel wire and automotive seat and lumbar support systems, employing 20,000 people at 130 plants in 19 countries. The company reported its profits in 2015 more than tripled from 2014 to $325.1 million, or $2.28 a share, on a 4 percent increase in sales to $3.92 billion.

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