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Euromonitor: US furniture sector's bankruptcies and layoffs due to high production costs and inflation are spurring companies to consider offshoring as a matter of survival; Pottery Barn, IKEA, La-Z-Boy among leading companies which have chosen this route

House Committee on Nigeria's National Agency on Food, Drugs Administration and Control temporarily lifts ban on alcoholic drinks in sachets, PET bottles pending the outcome of an investigation; producers said ban led to unemployment from facility closures

Rubicon lays off less than 20 staff, including its COO and chief marketing and communications officer, in ongoing cost-cutting efforts since its 2022 public listing; company expects to soon achieve positive cash flow amid debt refinancing

Loparex, a producer of release liners and engineered films, will suspend production at its plant in Eden, North Carolina, over the next six months, and 91 people will lose their jobs by Sept. 1; Loparex mills in Wisconsin, Iowa will remain in operation

Rivian to lay off 10% of salaried workforce amid EV industry slowdown, including small number of employees at its Normal, Illinois, assembly plant; Rivian reaffirms 2024 delivery targets, plans to launch more affordable R2 crossover

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