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Potlatch to Lay Off 106 People by Staff Times-News, November 20, 2002

SPOKANE -- Potlatch Corp. said this week it would eliminate 106 salaried positions and realign staff responsibilities throughout the company in an effort to reduce costs.

Chairman L. Pendleton Siegel said some job categories have been combined and others eliminated.

"We believe this action will provide Potlatch with a more cost-effective organization capable of meeting the essential requirements of each of our businesses," he said.

Of the cuts, 51 will be in Lewiston, where Potlatch has nearly 2,300 employees. Most of the rest are at scattered operations in Minnesota and Arkansas, spokesman Michael Sullivan said.

Potlatch will take an estimated after-tax charge of $7.5 million in the fourth quarter to cover anticipated costs, the company said.

Potlatch is a forest products company with manufacturing operations in Idaho, Minnesota, Arkansas and Nevada and 1.5 million acres of forestland in Idaho, Minnesota, Arkansas and Oregon.