Weyerhaeuser to cut 1,500 jobs by 2009

Weyerhaeuser said this morning it will cut 1,500 jobs at its Federal Way headquarters, as it moves toward being a smaller, more focused company.� Here is the statement that I have issued today:

“The Federal Way community is indebted to the Weyerhaeuser Company. I personally would like to thank both the leadership as well as the individual employees who have and will continue to work for the company. Weyerhaeuser has given a lot to the South Sound region, and they have been a great community player on several levels. We at the Federal Way Chamber of Commerce are focused on creating a strong local economy and we will do everything we can to help Weyerhaeuser through this transition and build towards the future.” Stated Tom Pierson, Chief Executive Officer of the Federal Way Chamber of Commerce.