Boeing lays off 9,300 as part of sale
Boeing Co. issued 9,300 layoff notices Friday as part of its sale of commercial aircraft operations in Wichita, Kan., and Oklahoma to Onex Corp., with those workers being asked to apply for their old jobs with the buyer.
The 60-day notices went to 5,200 hourly and 2,900 salaried production and service workers in Wichita.
An additional 1,200 workers also received layoff notices at Boeing’s commercial aircraft plants in Tulsa and McAlester, Okla.
The notices are part of the separation and re-employment process required as the Chicago-based aerospace leader transfers assets to Toronto-based Onex.
Building materials retailer plans new store
Post Falls 84 Lumber Co., a building materials retailer, has received $2.5 million in building permits for a new store on 10 acres at State Line Business Park.
The Pennsylvania-based company describes itself as the nation’s largest, privately held building materials supplier to professional contractors.
The new store will be located at 6335 W. Integrity Way. Company officials could not be reached Friday for details.
84 Lumber has more than 500 stores nationwide, with sales of $3.5 billion last year. About 80 percent of its customers are contractors.
In an interview last year, 84 Lumber spokeswoman Robyn Hall said the company chooses new store locations based on building permit activity.
The Post Falls store will be 84 Lumber’s first foray into the Northwest. Most of its stores are located in the Midwest or East.
Green plans 20 condos along Spokane River
Developer Harry Green plans to begin construction on 20 condos along the Spokane River this spring.
The three-bedroom, two bath condos are the first phase of Post Falls Landing, a mixed-use development on a 33-acre former sawmill site.
Green said he’s close to submitting a building permit application for the four-story condo project. The units range in price from $379,500 to $699,500.
Post Falls Landing is one of several former industrial sites along the Spokane River slated for redevelopment. Green has approval to build a total of 450 housing units on the site. His master plan also calls for offices and retail space, a hotel and conference center, restaurant and amphitheater. Construction of a 142-slip marina at Post Falls Landing should also begin this year, Green said
“The river’s going to be a fun place to be for a long time,” he said.
P&G raises price on Folgers ground coffee
Procter & Gamble Co. on Friday increased the retail price of its Folgers ground coffee by 12 percent because of sustained increases in the cost of green coffee beans.
One analyst expected rivals would follow suit. Consumer products companies have been feeling the squeeze of rising commodity prices.
P&G said Friday that it raised the list price of Folgers ground coffee by 28 cents per 11.5-ounce equivalent and 13-ounce equivalent.