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April 01, 2015 6:59 PM ET

Household Durables

Company Overview of Ashley Furniture Industries, Inc.

Company Overview

Ashley Furniture Industries, Inc. manufactures home furniture. It offers living room furniture, such as bars, chairs and ottomans, home accessories, entertainment centers, lamps, occasional tables, rugs, recliners, wall art, reclining sofas, sectionals, and sofas and loveseats. The company also provides dining room products, including Chinas and buffets, and tables and chairs. In addition, it offers bedroom products, such as bedding ensembles, beds, chests and armoires, dressers and mirrors, and youth bedrooms. Further, the company provides mattresses, such as bed pillows and foundations; home accents, including accent pillows; and home office furniture, such as desks and chairs. The company...

One Ashley Way

Arcadia, WI 54612-1218

United States

Founded in 1945

Phone:

608-323-3377

Fax:

608-323-6008

Key Executives for Ashley Furniture Industries, Inc.

Chief Executive Officer
Chief Financial Officer
Vice President of Information Technology
Compensation as of Fiscal Year 2014.

Ashley Furniture Industries, Inc. Key Developments

Occupational Safety and Health Administration Seeks Fines for Ashley Furniture Industries, Inc

The U.S. Labor Department seeks Ashley Furniture Industries Inc. seeking hefty fines and accusing the Wisconsin firm of emphasizing profit over worker safety. The department's Occupational Safety and Health Administration said it is seeking to fine Ashley nearly $1.8 million for a raft of safety violations. Over 3 1/2 years, workers at the furniture-maker's sprawling plant in the western Wisconsin community of Arcadia experienced more than 1,000 work-related injuries. About 4,500 people work at the factory. The 1,000 injuries are what OSHA considers recordable, meaning they required treatment by someone other than the injured person, the agency's area director for northwestern Wisconsin. Its investigators identified 38 safety violations at Ashley, including 12 that were willful violations committed with intentional, knowing or voluntary disregard for the law's requirement, or with plain indifference to employee safety and health. The vast majority of its injuries and illnesses at Arcadia are minor, with less than a fourth of them requiring time away from work. Overall, the rate of injuries and illnesses has dropped 14% over the in five years. Ashley said, it strongly disagrees with each and every one of the agency's assertions and believes the proposed penalties are grossly inappropriate and overzealous. OSHA launched an investigation at Ashley after a worker lost three fingers in July while operating a wood working machine without required safety mechanisms in place. The agency said more than 100 other injuries at Ashley were caused by similar machinery. Another 12 were repeat violations. OSHA cited inadequate protection on 37 different machines, including a dozen saws. Some of the citations allege lack of safety guards. Most involve lockout issues, with OSHA saying Ashley failed to ensure that machines wouldn't unintentionally start while workers changed blades, bits and other tooling. Ashley said it trains employees to follow full lockout procedures and completely disable machines when certain activities are performed. But the company said it has had an ongoing disagreement with OSHA over applying full lockout rules during minor servicing such as changing drill bits.

Ashley Furniture Opens New Manufacturing and Distribution Center

Ashley Furniture celebrated the grand opening of a new 1,167,205-square-foot addition. The total size of Ashley's manufacturing and distribution center is now approximately 2,837,507-square-foot (or 65 acres) under roof. This new facility has resulted in Ashley creating over 657 new jobs in Davie County. Ashley supports more than 250 North Carolina businesses. The new construction phase of development includes 93,133 square feet of additional office space.

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