MeadWestvaco closing Louisa plant
http://www.timesdispatch.com/rtd/business/local/article/MEAD19_20090318-221608/235339/MeadWestvaco Corp. is planning to close a manufacturing plant in Louisa County, eliminating 171 jobs, as the packaging company continues to restructure its business operations.
"This is the first big hit we've taken, so really, we've been very fortunate," said Willie L. Harper, chairman of the Louisa Board of Supervisors, referring to the county's otherwise steady progress during the recession.
He said the rural central Virginia county between Richmond and Charlottesville
will see a Wal-Mart Supercenter established at Zion Crossroads this spring that could generate other businesses.In addition, Harper said he believes the economy may be keeping shoppers closer to home who may have traveled to Richmond or Charlottesville to shop during better times.
The Fortune 500 company announced in January that it would eliminate 2,000 jobs -- 10 percent of its worldwide work force -- and close or restructure 12 to 14 of its 53 manufacturing plants worldwide by the end of this year to save $250 million to $300 million by mid-2010.
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