COVID-19 forces Greenbrier to shut down facility in Oregon
In April of 2020, The Greenbrier Companies (Greenbrier) announced the suspension of production at is manufacturing facility in Portland, Oregon. Driven by the negative effects that the COVID-19 (coronavirus) pandemic has had on the economy, the company took this action due to limited demand for railcars across the world. Greenbrier has adjusted to the pandemic by changing staff based on future demand forecasts and has prioritized cost-cutting in the short-term. The company has also laid off 3,700 production workers and office employees in order to strengthen its balance sheet.
COVID|LaborIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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