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Tempur Sealy announces layoffs, including 50 employees in Lexington

The new Tempur-Pedic headquarters  in the Coldstream Research Campus. Photo by Mark Cornelison | Staff
The new Tempur-Pedic headquarters in the Coldstream Research Campus. Photo by Mark Cornelison | Staff Herald-Leader

Tempur Sealy International has laid off employees across the company as part of a plan to streamline operations, the company announced Monday.

About 50 people in the Lexington headquarters were affected, according to a statement distributed by company spokesman Rick Maynard.

The layoffs "were taken to strengthen its long-term competitive position in the industry and not the result of any recent developments," the statement said. "The changes in structure have impacted quality people, and we are committed to treating them with respect and assisting them in their career transitions."

In May, Tempur Sealy went through an upper-management shake-up after a corporate governance challenge by the mattress maker's largest shareholders, led by H Partners. CEO Mark Sarvary, chairman P. Andrews McLane and the head of the board's corporate governance committee, Christopher A. Masto, resigned.

Last month, the company announced that Scott L. Thompson, former chairman, president and CEO of Dollar Thrifty Automotive Group, was the company's new chairman, president and CEO.

The company develops, manufactures and markets mattresses, pillows and other sleep products.

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