Saturday, August 01, 2015

Home News Hines Nurseries set to layoff 96 workers at Oregon plant

Hines Nurseries set to layoff 96 workers at Oregon plant

Business

Company also expected to file for Chapter 11 bankruptcy

Garden Center | October 8, 2010

Hines Nurseries' Forest Grove, Ore., location might lay off 96 workers as early as Monday because of its inability to extend its line of credit, according to a report on www.OregonLive.com. Here are highlights of the online story:

 While the company seeks financing, it expects to file for Chapter 11 bankruptcy protection, Sandra Runyon, vice president of human resources for the Irvine, Calif., based parent company, said in an Oct. 6 letter sent to government officials.

Layoffs at its Forest Grove operation, 45296 S.W. Ritchey Road, will be necessary if the company is not able to obtain financing by that date, the letter states.

The company said it had not informed employees of this attempt "as doing so would have hurt Hines' chances of extending the line of credit and its ability to obtain other financing and business. It would have also damaged Hines' relationships with its customers, which would have further damaged Hines ability to obtain financing and business."

In August, Hines Nurseries LLC announced it would stop growing plants and flowers in Irvine, also the site of its corporate headquarters. While the headquarters remain in Irvine, the action eliminated about half of its 160 nursery workers there.

In December 2008, a federal bankruptcy judge in Delaware awarded assets of Hines Horticulture to Black Diamond Capital Management, LLC, an asset management firm. Hines Horticulture filed Chapter 11 bankruptcy petitions in August 2008.

Afterward, Hines Nurseries LLC, a limited liability corporation owned by Black Diamond, was formed. Hines has been in the nursery business slightly more than 90 years.

The Hines Nursery website, www.hineshorticulture.com, was not in operation late this week.

Top news

UC Davis to host neonic conference

The Sept. 9 event aims to separate the truth from the myth of neonicotinoids and their impact on pollinators.

SNA announces 2015 award recipients

The Southern Nursery Association honored 10 of its members with awards at its annual meeting.

New live oak cultivar named after ACTrees founding member

Arizona's Civano Nursery developed the cultivar to withstand the arid conditions of the Southwest.

Coalition puts focus on trees during drought

A new partnership has kicked off a campaign to raise awareness of the importance of proper tree care.

Asian citrus psyllid quarantine expands

An 87-square mile area of Los Angeles county has been added to the existing quarantine.

x