Natural Fiber Welding, Inc.
Natural Fiber Welding, Inc. is a materials technology company that develops and manufactures sustainable, bio-based leather and fiber alternatives from natural materials using proprietary fiber-to-fiber welding processes. The company supplies engineered materials to footwear, apparel, accessories and automotive markets aiming to replace conventional leather and synthetic alternatives with lower-environmental-impact products.
Layoff timeline
1 EVENTPeoria-based Natural Fiber Welding, Inc. laid off 91 employees in a restructuring move described as necessary due to unforeseen business circumstances. The layoffs affected staff across its Peoria facilities on Galena Road, Water Street and Jefferson Street, although those locations will remain open. Company spokespeople framed the reductions as part of a reshaping under new CEO Steve Zika after recent challenges, noting the firm recently closed a funding round and currently has just over 100 employees. Founded in 2015 as an eco-friendly textile startup, NFW has previously reduced staff in 2023 and earlier this year; the company said the restructuring was intended to stabilize operations for renewed growth.
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