Interface, Inc. Launches Restructuring Plan, to Cut 200 Jobs
January 02, 2019
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Interface, Inc. reported that it is launching a new restructuring plan as part of its continuing efforts to improve efficiencies and streamline operations. The plan involves a reduction of approximately 200 positions globally and the write-down of certain obsolete, underutilized and impaired information technology and manufacturing assets.
Interface, Inc. is a global flooring company. The Company is specializing in carbon neutral carpet tile and resilient flooring, including luxury vinyl tile (LVT), vinyl sheets, and nora rubber flooring. Its segments include Americas (AMS) and Europe, Africa, Asia and Australia (EAAA). The AMS segment includes the United States, Canada and Latin America geographic areas. It markets modular carpet under the brand names Interface and FLOR. It produces carpet tiles in a range of colors, patterns, textures, pile heights and densities. These varieties are designed to meet both the practical and aesthetic needs of commercial interiors. The Company offers a category of products, namely modular resilient flooring, and its product include LVT. It offers rubber flooring products under the noraplan and norament brands, which include in its resilient flooring portfolio. The Company also produces and sells a specially adapted version of carpet tile for the healthcare facilities market.
INTERFACE, INC. 
