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Headquarters:
33663 Weyerhaeuser Way South
Federal Way, WA 98003
Employees: 23,000
CEO: Dan Fulton
Stock Symbol: WY
Website: http://www.weyerhaeuser.com
Weyerhaeuser is one of the world's leading suppliers of paper and packaging products. From newspapers to packages you receive in the mail, the company is involved in almost every facet of the forest products industry.
Weyerhaeuser has offices or operations in 13 countries and has customers worldwide. It manages 22 million acres of forests.
The company owns or leases:
·4.2 million acres in the southern U.S.; and
·2.2 million acres in the Pacific Northwest.
In addition, Weyerhaeuser has renewable, long-term licenses on 15.1 million acres of forestland located in five Canadian provinces. In Canada, forests generally are owned and administered by provincial governments.
The company is one of the world's largest producers of softwood lumber, engineered wood products, hardwood lumber, structural panels and wood products distribution. It's also one of the top producers of softwood cellulose fibers, containerboard, uncoated free sheet and corrugated packaging.
The company's worldwide timber inventory is approximately 268 million cunits. One cunit equals 100 cubic feet of solid wood.
In 2007, the company reported revenues of $16.3 billion and net earnings of $790 million. 18% of revenues came from outside the U.S.
The company announced in August it would reduce its workforce by 1,500 jobs, mostly at its corporate offices in Federal Way, WA.
History
Founded in 1900 by German-born Frederick Weyerhaeuser, who bought 900,000 acres of forest in Washington with 15 other partners. The company capitalized on the growing demand for wood products as the nation experienced rapid industrial growth in the 20th century. Lumber was shipped from Washington State to the East Coast via steamship and through the newly constructed Panama Canal.
The company was originally known as Weyerhaeuser Timber Company until the name was changed to just Weyerhaeuser in 1959.
Weyerhaeuser also demonstrated vision through management of its forests. It developed the first tree farm in 1941 and set an example for the rest of the industry.
Benefits
Weyerhaeuser offers health and dental coverage along with a flexible spending account for medical, dental or vision expenses.
A 401(k) plan is offered that matches 70 cents to the dollar in company stock up to 7% of eligible pay.
The company offers an annual profit-sharing plan paid out in company stock. It also provides a pension plan of 1.1 to 1.55% of final monthly earnings multiplied by years of service.
Flexible work arrangements and job sharing are offered depending upon the position. Part-timers who work 25 hours a week can receive full benefits.
Full-time employees are eligible to receive vacation time based on years of service below.
| Service | Paid Vacation Days |
| 6 months | 1 week |
| 1 year | 2 weeks |
| 5 years | 3 weeks |
| 12 years | 4 weeks |
| 18 years | 5 weeks |
Updated August 12, 2008