Reference no: EM132586958

The furniture maker La-Z-Boy is one example. The company shifted its production out of China to Vietnam last year to bypass Mr. Trump's tariffs on $360 billion worth of Chinese goods, according to tracking by Panjiva, a research firm. But on a June 24 earnings call, Kurt L. Darrow, La-Z-Boy's chief executive, announced that the economic effects of the pandemic would force the firm to make steep cuts to its work force, including in the United States"While we were pleased to have brought back some 6,000 furloughed workers, we made the decision to permanently close our Newton, Miss., La-Z-Boy branded manufacturing facility and reduce our global work force by approximately 10 percent," Mr. Darrow said.