Layoffs looming? Get your ducks in a row

“The first thing is not to take too much action,” one expert says about being laid off.

EUGENE — A Chilean company has notified Oregon state officials it will shutter a Eugene fiberboard mill and lay off all 84 workers May 1.

Arauco North America said the closure results from an “economic imbalance” in the U.S. market for medium density fiberboard. The company said Tuesday it will shift Eugene production work to its other U.S. facilities.

The Eugene facility opened in 1962, according to the Eugene Area Chamber of Commerce. The chamber says Arauco uses local lumber mill byproducts and converts them into fiberboard for home construction.

Arauco’s layoff is the latest in cutbacks at Oregon employers this year, which include layoffs at Precision Castparts, Blount International, transportation technology company Moovel and loan serving company Mr. Cooper Group.

The layoffs took place for disparate reasons. Precision Castparts’ cuts resulted from the shutdown in production of Boeing’s 737 Max, for example, while Moovel’s cuts reflected retrenchment in the car sharing market.

Unemployment in Oregon is at a record low of 3.7%, and the state’s economic output has been rising.

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